Long Term Care - The social whirl

Starting in a bad place both demographically and economically, just how can the government deliver the care people expect and demand within its current austerity programme? Even if it can pull off this huge task, will the financial services industry see value in ­participating in the ensuing funding mechanisms? The main proposals of the Dilnot Report into a fairer funding system for adult social care, at a predicted cost of £1.7bn to the exchequer, were that an individual’s lifetime contributions towards their social care costs should be capped at £35,000, with a national standard accomm...