Social care cap amendment defeated in House of Lords

Mini 'rebellion' in House of Lords

Ayesha Venkataraman
clock • 2 min read

The government has lost a vote in the House of Lords with a majority of 40 to make changes to social care cost cap proposals.

Announced in early September, the social care funding reform package, due to be implemented in October 2023, was announced to make sure people with assets of £20,000 or lower would have their care costs fully covered by the government. The planned changes have been widely criticised because they could disproportionately affect less wealthy pensioners. The government initially wanted to cap lifetime social care costs at £86,000, the equivalent of around three years of care while people with assets between £20,000 and £100,000 will be expected to contribute to the cost of care but will als...

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

CII: Vulnerable client management is 'an opportunity for growth'

CII: Vulnerable client management is 'an opportunity for growth'

Firms can expand potential client bases

Isabel Baxter
clock 07 April 2026 • 2 min read
Common language used by advisers triggers anxiety and distrust among retirees

Common language used by advisers triggers anxiety and distrust among retirees

Product-led communication one of the biggest drivers of mistrust

Laura Purkess
clock 01 April 2026 • 1 min read
Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read