NORWICH UNION: Norwich Union proposals inform Royal Commission 'Note of Dissent'.

0 Comments | M2 Presswire, March, 1999

M2 PRESSWIRE-2 March 1999-NORWICH UNION: Norwich Union proposals inform Royal Commission 'Note of Dissent' (C)1994-99 M2 COMMUNICATIONS LTD RDATE:010399 Norwich Union welcomes the comments of the Royal Commission 'Note of Dissent' on the funding of long term care. Comments in the note reflect Norwich Union's submission to the Royal Commission, which proposes a partnership scheme for meeting care costs.

Norwich Union believes this could dramatically reduce the costs of funding for care. One of the authors of the note favours a four-year limit on individuals paying for care through the partnership scheme - reflecting a proposal developed by Norwich Union. This could cut insurance costs by up to 25 per cent. Philip Scott, Norwich Union's group director...