A proposed governement cap of £75,000 on long-term care costs will benefit ‘very few’ of the people actually in long-term care reports Nicola Brittain in IFAonline
New research from Laing & Buisson evidences that more people are funding their own care during their later years.
The study shows that a record total of 175,000 older residents in independent sector care homes (43.4%) paid every single penny of their long term care fees last year. Another 56,000 (14%) people need to get ‘top-ups’ from family or friends in order to fund their care services, and William Laing says that these figures are only likely to increase further in the future.
At the Society of Later Life Advisers’ (SOLLA) conference earlier this week, Liz Kendall MP talked about both the Draft Care and Support Bill (which could have major implications for the way information and advice is provided to older people) and her views on the Government’s plans regarding Andrew Dilnot’s recommendations on long-term care funding which are due to be published “imminently”.
She observes that one of the biggest problems people face if they or their loved ones end up needing long-term care is finding out what services and support are available in…Read More
Financial advisers will be ‘centre stage’ in the future long-term care system, according to the minister for care and support.
Speaking at yesterday’s Society of Later Life Advisers’ (SOLLA) conference on ‘The Value of Advice’, Norman Lamb said the current system was “completely dysfunctional” as people deteriorated with no access to advice and the belief there were no products available.
Lamb told adviser-delegates: “This is where critically you come in. How that person can make best uses of the resources they have available to them. Your role…Read More
David Prior is set to become the new chair of the Care Quality Commission (CQC), taking over the position from Dame Jo Williams.
Mr Prior, who is currently chairman of the Norfolk and Norwich University Hospitals NHS Foundation Trust, has vast experience within the care system.
He will play a vital role in chairing the board and will be responsible for working with stakeholders, ensuring the CQC’s success in driving improvement across social care and health.