Long Term Care

15% of people saving monthly for care

As a result of significant increases in life expectancy, an additional 71,000 care home places will be needed for older adults spend with substantial care needs, according to a study published in The Lancet.

Will introduce a cap on cost of care

Plans to make greater use of 'deferred payments' to claw back social care costs from the value of the sale of a family home could fail unless the existing 'deferred payments' system is improve, Royal London has warned.

Theresa May is reportedly putting long-term care at the heart of the Conservative manifesto so that pensioners will not have to pay more than £85,000 for their social care costs, according to reports today.

Sir Andrew Dilnot has revisited Britain's long-term care system, describing it as 'absolute chaos' while discussing implications and reforms for the government, insurance market and pensioner benefits.

Chancellor Phillip Hammond announced a further £2bn for social care funding as well as a Green Paper on social care. Fiona Murphy rounds up post-budget views from financial services.

The government has pledged £2bn extra for social care as a Green Paper on social care funding will be published later this year.

Council tax rises in 2017/18 will not bring in enough money to prevent the need for further deep cuts to services such as social care, the Local Government Association (LGA) has warned.

Introduce 'Care Isa' - Ros Altmann