Conservatives to target rising social care costs in manifesto

Triple lock to be ditched

clock • 2 min read

The rising cost of social care is expected to be a principal focus of the Conservative's 2017 general election manifesto when it is launched later today, according to reports from both the BBC and the Financial Times.

The FT reported Prime Minster Theresa May (pictured) would announce "plans to cut the costs of caring for an ageing Britain in tough reforms that will hit millions of wealthier pensioners, many of them Conservative voters". The Conservative party also intends to scrap the ‘triple lock', which currently guarantees annual rises in the state pension of at least 2.5%, as well as its planned cap on the amount an individual is expected to pay towards social care, with domestic care having for the first time to be paid for from the value of a house. According to the BBC, the manifesto will p...

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 Your profession

FCA: Most firms unable to meet bereavement claims performance levels

FCA: Most firms unable to meet bereavement claims performance levels

Call for improved bereavement handling times

Cameron Roberts
clock 22 November 2024 • 3 min read
ETF providers launch unlisted share classes to tackle slow MPS adoption

ETF providers launch unlisted share classes to tackle slow MPS adoption

Technological and cost barriers

Valeria Martinez
clock 22 November 2024 • 5 min read
Advisers expect regulation to limit time taken on giving advice

Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock 22 November 2024 • 2 min read