MP Damian Green proposes pension-inspired social care overhaul

£2.5bn funding gap

Hannah Godfrey
clock • 2 min read

MP and former cabinet minister Damian Green has called for an overhaul of social care provision, proposing it should be replaced with a new structure based on the current state and private pension system.

In a report for think tank Centre for Policy Studies, Fixing the Care Crisis, the MP for Ashford said his new system would see everyone benefit from a "reasonable universal safety net" with the added encouragement of individual provision on top. Under Green's proposals, the state would provide a ‘universal care entitlement', which could then be topped up by private support, for those who want it, via a ‘care supplement'. According to the report, the care entitlement would be a flat-rate level of support, adjusted for need. It would not matter whether the care was provided at home or i...

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

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read