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Law body wants Dilnot in social care bill

The Law Commission is calling on the Government to bring th Dilnot commission’s proposals into statute via its proposed adult social care bill, with any specific limits introduced via secondary legislation.

The Government will respond in the spring to the Dilnot report’s proposals.

In May, the Law Commission proposed a new adult social care bill which aims to bring together all existing duties and powers placed on local service authorities.

Public law team lawyer Tim Spencer-Lane says the Dilnot proposals should be included in this bill but he adds: “Things like contributions to funding care and the threshold criteria should not be on statute because the Government will want to change them regularly. Using secondary legislation, which would delegate the decision to ministers or an agency, or a code of practice would ensure the required flexibility.”



Treasury boost for with-profits annuities

Savers with guaranteed with-profits annuities have received a boost after the Treasury increased the amount of income that will count towards the minimum income requirement for flexible drawdown. Rules outlined by the Government in December mean that investors must be able to demonstrate they have secure pension income of £20,000 to qualify for flexible drawdown. […]

Adviser Fund Index

Fixed-interest weighting in the Adviser Fund Index portfolios have remained buoyant over recent years despite uncertainty surrounding the asset class. Since the May 2007 rebalancing, the overall weighting to fixed interest has increased across all three of the benchmark indices. The changes saw allocations rise six percentage points in both the balanced and cautious portfolios, […]

Best Advice duo banned over Ucis sales

The FSA has warned advisers about the suitability of unregulated collective investment sch-emes after exposing the advice failings of the latest firm to be sanctioned over Ucis sales. Former directors of Best Adv-ice Financial Planning Paul Banfield and Anthony Moss were last week banned from holding any significant influence function. Banfield, a well known media […]


Arch cru package does not hide FSA failings

For the second time, I am going to cite two documents that show Arch cru investors were entitled to a far better level of protection than they have experienced. For this, there is only one party to blame the regulator. From the FSA website: “Any money in an open-ended investment fund is protected by a […]


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