Advisers dismiss Dilnot care cap as 'token gesture'

More than 60 of the 100 IFAs surveyed by Symponia said 70% of their clients would have to sell their home in order to be able to fund care costs. A further 59% of Symponia members dismissed the introduction of the Government's care cap as a "token gesture" which will not be enough to help a large number of people. The Dilnot cap was aimed at helping to reduce the number of people having to sell their homes to meet care costs. Chancellor George Osborne announced as part of the March budget plans to cap social care costs at £72,000 rather than the planned £75,000 in 2016. Symponia...