Conservatives to target rising social care costs in manifesto

Triple lock to be ditched

clock • 2 min read

The rising cost of social care is expected to be a principal focus of the Conservative's 2017 general election manifesto when it is launched later today, according to reports from both the BBC and the Financial Times.

The FT reported Prime Minster Theresa May (pictured) would announce "plans to cut the costs of caring for an ageing Britain in tough reforms that will hit millions of wealthier pensioners, many of them Conservative voters". The Conservative party also intends to scrap the ‘triple lock', which currently guarantees annual rises in the state pension of at least 2.5%, as well as its planned cap on the amount an individual is expected to pay towards social care, with domestic care having for the first time to be paid for from the value of a house. According to the BBC, the manifesto will p...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Working Lunches: Register today to hear from Baillie Gifford

PA Working Lunches: Register today to hear from Baillie Gifford

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 April 2024 • 1 min read
PA Asks: Is plugging the retirement support gap a job for the FCA?

PA Asks: Is plugging the retirement support gap a job for the FCA?

This week’s poll also looks at auto-enrolment and client interest in ESG

Professional Adviser
clock 23 April 2024 • 1 min read
Advice stalwart on why consolidation is a 'flawed business model'

Advice stalwart on why consolidation is a 'flawed business model'

‘We are in a period of deconsolidation and it will all unwind’

Isabel Baxter
clock 22 April 2024 • 5 min read