View more on these topics

LibDems set out plans for care pledge

Liberal Democrat leader Nick Clegg has outlined a £2bn care guarantee plan for the elderly as part of proposals to reform the NHS.

The plan is based on Derek Wanless’ partnership model which both the Government and the Conservatives have endorsed to varying degrees.

The model guarantees elderly people a payment to cover the majority of their care costs. Individuals are ten encouraged to top up their care package by making private contributions which would be matched by the state up to a maximum benchmark.

The Lib Dems would provide a personal care payment for all elderly people requiring care, based on need rather than their ability to pay. It would also set out the entitlements of people in care and their carers.

Clegg says: “Many older people are not getting the personal care they so desperately require. We are the first party with serious plans to end the punishing poverty which afflicts the many elderly people forced to pay for their personal care entirely out of their own pockets. It simply is not possible to be committed to a free and fair NHS without ending this scandalous injustice.”

Care fees planning company Symponia managing director Janet Davies says: “I do not think the Lib Dems are looking at the big picture. The maximum benchmark will really limit the care that elderly people can choose, for example, if a person’s care fees are £1,000 a week, they will have to top up a lot more than someone whose fees are £500 a week. It is good that they have listened to the Wanless review but they really need to speak to families and financial advisers involved in this area to get it right.”


Modest drop in house prices for January

House prices fell in January by a modest 0.1 per cent according to Nationwide’s house price index.This is the third month running that house prices have decreased. The annual rate of house price inflation slipped in January from 4.8 per cent to 4.2 per cent and the average price is now £180,473 down from £182,080 […]

MPs want Bank to take lead role over the FSA

MPs have attacked the FSA for failing to properly supervise Northern Rock and have proposed a new office within the Bank of England to look after financial stability.The Treasury select committee report into the Northern Rock debacle calls on the FSA to undertake an “urgent review” of the qualifications of senior directors in financial firms. […]

Jelf makes three acquisitions

Jelf Group has bought adviser firm Manson Insurance Group and insurance brokers Bartlett Davies Bicks and Carter & Co Risk Management.

Heads should roll at the FSA, says Vince Cable

Liberal Democrat shadow chancellor Vince Cable says Alistair Darling should be firing FSA chairman Sir Callum McCarthy after the regulator’s “systematic failure” over Northern Rock rather than increasing his powers.He says: “After the Treasury Select Committee report concluded that the FSA was guilty of ‘systematic failure’ over Northern Rock, it is baffling that the Chancellor […]


News and expert analysis straight to your inbox

Sign up


    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