AN INSURER’S push for a private so-called “care pension” is “not the answer to the care crisis,” the National Pensioners Convention (NPC) said today.

Former pensions minister Steve Webb — who now works for insurance and pensions company Royal London — said there should be a way for people to put money aside to pay for care costs later in life.

The insurer has submitted a report to the government that calls for existing pensions drawdown arrangements to be combined with new insurance.