Later Life  

Think tank proposes compulsory care insurance

James Candow of Continuum Financial Services in Plymouth suggested the government offer a tax incentive just like workplace pensions, if compulsion was in place.

"Pay the premium before you are taxed on salary. But they would also need to make workplace pensions compulsory as well, as more people may opt out."

But Alan Lakey, director, Highclere Financial Services in Hemel Hempstead is emphatically against compulsion: "We should all be allowed to make individual decisions and/or be idiots if we choose."