Govt mulls plans for AE type policy on social care

Part of consultation on social care

Hannah Godfrey
clock • 2 min read

Ministers are believed to be considering plans to encourage all workers to set aside part of their wages to pay for their own social care - a scheme similar to automatic-enrolment for pensions.

The plan is to be considered as part of a consultation document on the future of social care which is due to be published later on this year. First reported by the Mail Online, the idea would work by taking a percentage of a person's salary and putting it into a care fund. Savers would then be given the option to opt out of saving the minimum contribution set by the government. The Department of Health could not confirm the plans but said further details on the next steps on social care would be provided in due course. AJ Bell senior analyst Tom Selby described the idea as "interes...

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 Retirement

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Speculation on rules hitting confidence across every age group

Sahar Nazir
clock 17 November 2025 • 2 min read
Retirement confidence dips amid Budget speculation

Retirement confidence dips amid Budget speculation

Confidence is highest among those receiving professional financial advice

Jenna Brown
clock 12 November 2025 • 2 min read
The Great Wealth Transfer: women, wealth and what comes next

The Great Wealth Transfer: women, wealth and what comes next

Sponsored content from WIFA 2025 headline sponsor LV=

LV=
clock 03 November 2025 • 6 min read