Long-term-care: what does government's legislation delay mean?

clock

Fiona Murphy asks why government has delayed long-term care legislation and what it means for the industry.

The fact government has decided to defer legislation on long-term care into the next parliamentary session has been a disappointment for anyone giving care fee planning advice. In the white paper on health care reforms published two years ago, government planned to introduce legislation to build a sustainable, affordable framework for social care in the second session of parliament. That has now been and gone, and it is now unlikely we will see any shake-up for at least another eighteen months. In the meantime, more ‘self-funders' will pay eye-wateringly large fees for residential car...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read