Immediate Needs Annuities: Their role in funding care is part of a ten part series from the Strategic Society Centre, with support from PwC, alongside BUPA, Age UK and Tunstall. This series is exploring practical solutions for financing social care in the UK.
The question of how to fund long-term care has been a live policy debate in the UK for over a decade.
This report focuses on one specific type of financial product, immediate needs annuities, as part of the solution to this policy challenge.
The report examines; what potential roles could immediate needs annuities take in funding long-term care? And to what extent can immediate needs annuities help policy makers achieve key strategic policy objectives for social care?