Changes to equity release schemes could be on the agenda as the government works out how to resolve problems in funding care of the elderly.
A report from the Cass Business School and the City of London Corporation said that the financial services sector could help ministers develop new strategies in the future, the MJ reported.
Possible options include extra insurance provision for low-income pensioners and increased use of public-private partnerships, along with changes to equity release plans.
These could all boost the ability of elderly people to pay for their own care costs.
Talking to the MJ, Lord Mayor of London Ian Luder also highlighted the possible contribution the City could make to the debate.
He said: "The question of long-term care is something that needs to be addressed now by all relevant parties – households, industry and government."
Mr Luder added: "The industry is looking to respond in an appropriate manner and come up with the ideas, and funding, needed in the future."
The Department of Health is also currently consulting on possible future changes to the care system, having previously launched a Green Paper on the issue.
