Social care funding warning from white paper

clock

Social care budget reductions could lead to rising levels of unmet need a white paper from the International Longevity Centre-UK's Centre for Later Life funding has warned.

The white paper calls for the Dilnot reforms to social care to be implemented and for there to be effective funding for adult social care.

The white paper also calls on the government to ensure there is mass market financial advice for later-life funding, and support policies to extend working lives.

Baroness Sally Greengross, chief executive of ILC-UK said: "We are at a cross roads. There has been undoubted progress in reducing pensioner poverty, particularly at older ages, but we must guard against complacency.

"Continuing reductions to social care budgets could lead to ever rising levels of unmet need and thereby greater deprivation amongst the oldest old.

"Not all babyboomers are wealthy and the pension freedoms alongside an over reliance on housing wealth poses risks to future retirement incomes.

"For tomorrow's pensioners, there is a huge question about whether they will be able to depend on the state to provide adequate levels of support given the rising fiscal pressures of supporting an ageing population."

Further Reading:

Cancer patients 31% more likely to have a long term condition

FCA 'miscalculated' care costs in business plan - LEBC Group

Warning of funding 'black hole' for LTC

More on Long Term Care

Partner Insight: Clients facing care home fees postcode lottery

Partner Insight: Clients facing care home fees postcode lottery

Adam Hillier, Head of Care Service Operations, Legal & General
clock 12 December 2023 • 3 min read
'Industry Experts' suggest Long Term Care Insurance is unworkable

'Industry Experts' suggest Long Term Care Insurance is unworkable

"What we need is a policy that is simple and that customers can understand"

Tony Müdd
clock 05 April 2022 • 6 min read
Operational Guidance Lifetime Cap on Care Costs - Or Smoke and Mirrors?

Operational Guidance Lifetime Cap on Care Costs - Or Smoke and Mirrors?

"Why not implement the Cap now rather than wait until October 2023?"

Tony Müdd
clock 28 March 2022 • 5 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read