The Association of British Insurers (ABI) has welcomed the Treasury's announcement of new CAT standards to enable people to buy long-term care with confidence.

The ABI has also welcomed the Treasury's consultation on regulating the marketing of long-term care insurance.

The introduction of standards coincides with the publication of the Health and Social Care Bill that covers free provision of nursing care in nursing homes.

Individuals will remain subject to the means test to establish whether they have to meet the costs of accommodation and personal care.