View more on these topics

Govt urged to use health budget to fund LTC reform

An influential healthcare think-tank is calling on the Government to use some of the NHS budget to help pay for Andrew Dilnot’s proposed long-term care reforms.

The Dilnot commission report, published in July last year, calls for a cap on individuals’ lifetime contributions to social care costs of between £25,000 and £50,000, with £35,000 the recommended figure. When the cap is reached, any remaining care costs would be met by the Government.

In January this year, Money Marketing revealed concerns among senior Liberal Democrats that Dilnot’s reform proposals are expensive, bureaucratic and regressive.

A report from the Nuffield Trust, published today, urges policymakers to consider diverting some of the health budget towards paying the cost of implementing Dilnot’s £1.7bn a year reform package.

The think-tank also backs the introduction of a lifetime cap on care contributions, but believes this should be set at £50,000 rather than the £35,000 proposed by Dilnot. It says this would save the Government around £600m a year.

The report says: “The health budget was given a relatively generous treatment in the spending review, with funding broadly consistent in real terms.

“One option for reprioritised spending on public services would be to shift resources from health into social care.”

A spokesman for the Nuffield Trust says: “What we are saying is the Government needs to look again at the balance between long-term health and social care spending.

“That absolutely includes long-term care because there is clearly a gap in terms of funding for Dilnot’s proposals. Reallocating the resources already available could help bridge that gap.”



Euro move may see rating agencies held liable for investor losses

Rules to allow investors to sue credit-rating agencies for losses resulting from their ratings have moved a step closer after the European Council backed the European Commission’s stance on the issue. In November, the commission put forward proposals for the credit rating agencies III directive, which targets an “over-reliance” on credit ratings. It included a […]

Advisers to increase passive exposure, Platforum study finds

Adviser appetite for passive investment products is likely to increase over the next six months, research by Platforum has found. The split between active and passive investment strategies for clients during the second quarter is 72.5 per cent for active funds, with the remainder held in passive, compared with the first quarter’s 70/30 split. However, […]


Paul Farrow: Ditch RDR tag to aid consumer awareness

When I began life as a journalist on this paper more than a decade ago covering the investment patch, I was eager to beat our rivals to any stories. Hence, many of my stories opened with the line that a company was “set to” launch a product, even if it was weeks away. In 1999, […]


Advisers welcome being challenged by paraplanners

Advisers have welcomed the FSA’s suggestion that paraplanners should challenge advisers over suitability letters and fund switches to ensure client needs are met. Speaking at the Institute of Financial Planning paraplanner conference last week, Chris Hewitt from the regulator’s investment intermediary department said paraplanners should be looking to examine what the objectives of clients are […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Apply for personal loans online for bad credit history in the USA through 2012 at for quick personal loans at low rate of interest, no hidden charges.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm