Philippa Gee, managing director of Philippa Gee Wealth Management, has digested Dilnot's proposed reforms on care home funding and found a few things which stick in her throat...
Gee gives the Dilnot Commission's report a cautious welcome. "The crisis in the provision and funding of care has reached a critical point. Overall the report is a winner as it can't get much worse than the present position. The clarity of cost will bring comfort and relief to many", she says. But as with all reports the devil is in the detail. Gee gives her top ten concerns post-Dilnot. 1. The £35,000 cap is not a 'true' cap The financial contribution people may need to make could be far greater. Fixed living costs at up to £10,000 will increase the burden on people and destabil...
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