The National Council on Ageing and Older People (NCAOP) will examine the feasibility of using equity release to finance the long-term care of older people.
Equity-release schemes allow elderly people to raise money for retirement by taking out loans against their homes.
An inter-departmental group, set up by Minister for Health Mary Harney and Minister for Social Affairs Seamus Brennan, is expected to suggest shortly that older people use equity release schemes to pay for...
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