Queen's speech announces bill on social care

clock

New legislation to reform the long-term care system has been set out in the Queen's Speech.

The Queen told MPs: "My government is committed to supporting people who have saved for retirement. "Legislation will be introduced to reform the way long-term care is paid for, to ensure the elderly do not have to sell their homes to meet their care bills." The long-awaited care and support bill will be introduced in the 2013/2014 Parliamentary session. However, the speech did not reveal further details of the reforms. These are expected to include a cap on care costs at £72,000 and take effect from 2016. Partnership, managing director of care Chris Horlick says: "This bill wil...

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 Long Term Care

Immediate needs annuities: Tackling the LTC conundrum

Immediate needs annuities: Tackling the LTC conundrum

The cost of the INA will be deducted from the estate

Mark Lisle
clock 06 December 2023 • 3 min read
Political parties must 'come clean' on social care plans

Political parties must 'come clean' on social care plans

Social care plans not mentioned at Labour or Tory party conferences

Jenna Brown
clock 11 October 2023 • 1 min read
Industry collaboration needed to spark social care change - ABI

Industry collaboration needed to spark social care change - ABI

Hannah Gurga addresses social care and climate challenges

Hemma Visavadia
clock 23 February 2022 • 2 min read