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.