Ministers are considering plans to encourage all workers to set aside a proportion of their wages each month to pay for their own future social care needs - a scheme similar to automatic-enrolment for pensions.
The plan is rumoured to be considered as part of a consultation document on the future of social care which is due to be published later on this year. AJ Bell senior analyst Tom Selby described the idea as "interesting", but said the major risk is that people would opt out, adding: "There would need to be some sort of incentive structure to encourage people to put money aside." Meanwhile former pensions minister and Royal London director of policy Steve Webb was more skeptical of the plans....
Six core standards for best practice mapped against Stevenson Farmer review
Peace of Mind service will provide nurses for crisis support and to handle claims for policyholders
Insurer calls on insurance industry to 'comprehensively publish information'
Rewire Routines campaign to educate mortgage protection advisers raised over £10,000 for British Heart Foundation