Jeremy Hunt needs to take speedy action - Kames Capital

clock

Jeremy Hunt's Dilnot comments are "very welcome" but individuals are still left in limbo, Kames Capital has said.

Kames Capital has welcomed Health Secretary Jeremy Hunt's comments that he will look to implement a cap on healthcare costs for the elderly as soon as possible.

But it has called for a speedy implementation of social care reforms to enable individuals and providers to plan for their futures.

Gillian Bowman, manager of the Kames Target Healthcare Fund, said: "Individuals continue to be left in limbo with regard to how much they must set aside for their care provision while providers still cannot plan their future strategy of business models in the face of continued uncertainty and the strain of local authorities tightening their budgets."

Speaking at the Conservative Party conference in Birmingham this week, Hunt told a fringe debate on social care that he would look to implement a cap on care costs as proposed by the Commission on Funding Care and Support, chaired by Andrew Dilnot.

The Commission, dubbed the Dilnot Report, proposed that the Government introduce a £35,000 cap on an individual's lifetime contribution to their social care, after which they would be eligible to full state support.

Author spotlight

Nicola Culley

More on Employee Benefits

Majority of people are not saving enough for retirement despite overestimating financial ability: Wealth at Work

Majority of people are not saving enough for retirement despite overestimating financial ability: Wealth at Work

Financial education can help employees understand value of workplace pensions

Nafeesa Zaman
clock 30 November 2021 • 1 min read
Four in five workers have experienced burnout: Ceridian

Four in five workers have experienced burnout: Ceridian

Increased workloads largely to blame

Nafeesa Zaman
clock 30 November 2021 • 1 min read
Third of working adults are stressed about meeting their immediate financial needs: Fidelity

Third of working adults are stressed about meeting their immediate financial needs: Fidelity

Covid-19 pandemic sparks feelings of stress, anger, and fatigue

Nafeesa Zaman
clock 30 November 2021 • 2 min read

Highlights

COVER Excellence Awards 2021: All the winners revealed!

COVER Excellence Awards 2021: All the winners revealed!

Leading With Distinction

COVER
clock 03 November 2021 • 2 min read
COVER Excellence Awards 2021: The Night in Pictures

COVER Excellence Awards 2021: The Night in Pictures

A photo gallery from COVER Excellence Awards 2021, held at The Brewery, London, on 2 November.

COVER
clock 03 November 2021 • 1 min read
Gosia Bowling: The role of behavioural science in creating a menopause-friendly workplace

Gosia Bowling: The role of behavioural science in creating a menopause-friendly workplace

'The key to supporting menopausal women is creating a culture in which conversations are welcomed and expected'

Gosia Bowling
clock 02 November 2021 • 6 min read