Long term care - Dilnot in Wonderland?

The Dilnot Commission on funding adult social care has now reported and from a financial services perspective, the report is to be welcomed. The top line recommendation a combination of a nominal individual £35,000 care cost cap and a £100,000 means-tested threshold will ensure that no-one going into residential care would have to spend more than 30% of their assets on their care costs, although some people will do better than others. Putting a limit on the maximum lifetime costs people may face will allow them, with the assistance of the appropriate products from financial services, ...