Social care reforms: Adviser opportunity or added complexity?

Possible resurgence of care insurance products?

clock • 3 min read
Social care reforms: Adviser opportunity or added complexity?

The government’s increase in national insurance contributions to fund social care has provoked debate within the financial advice community; some see opportunities arising out of the government’s £86,000 cap on care contributions, while others say the fundamental advice offered to clients will not change.

On Wednesday (8 September), Boris Johnson announced there would be a 1.25% increase to national insurance tax to fund social care in the UK. Previously, if an assessment deemed an individual able t...

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