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

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read