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Partnership model suggested to solve LTC dilemma

The King’s Fund says a partnership agreement between the Government and individuals is the best way to tackle social care reform.

In its latest report, securing good care for more people, the think-tank concluded that a revised version of the partnership model is the fairest way of funding social care in the future. It says decisions about whether individual contributions should be voluntary or compulsory should follow on from this.

The report says the cost of the current system is set to double by 2025, but “with no improvements in outcomes”. Instead, the report says Government should step up its plans to improve the delivery of care and support, particular emphasis on more personalised services.

It says a review of the current settlement for older people should be undertaken and a long term, staged approach to reform should be adopted to ensure fairness between the generations.

The report also recommends reforms to Attendance Allowance, which could release up to £3bn in savings by 2026 to help fund a more coherent, simplified and generous care system. 

For any reform to succeed the King’s Fund says “this must be based on political consensus and an all-party road map for reform”.

The King’s Fund interim chief executive Anna Dixon says: “The current social care system often falls short of meeting the needs of the people who rely on it and will not be able to cope with increasing demand for services as the population ages. The people who stand to benefit most from our proposals are those on moderate and middle incomes who are heavily penalised by the current system.”


Free ifs roadshows mapping out the route to RDR success

The ifs School of Finance will be running a series of retail distribution review regional roadshows in late March to offer advice to people working towards QCF level four. The sessions will outline the qualification requirements for the RDR and will look at top-up continuing professional development elements and the full range of support available […]

Free seminars offer training courses on structured products

Research tool website is now offering free structured product training courses for advisers. The firm initially launched a series of subsidised one-day course for IFAs across the UK but with the help of sponsors is now able to offer them free. Courses in April will take place in Birmingham, Bristol and London with events […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]


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