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Press comment: Pension system for social care is logical

29/04/2019

If you’re covering the Centre for Policy Studies and MP Damian Green’s report on social care, calling for a system similar to the pension system, please see the following comment from Rachael Griffin, tax and financial planning expert at Quilter.

Rachael Griffin“Pension policy is far from perfect, but when compared to other areas of policy, such a social care, it is miles ahead. Today’s proposal from Damien Green applies the logic of the pension system and it’s easy to see why.

“Having a basic amount pledged from the state with private provision covering the rest splits the responsibility of care funding in a manner that is understandable and palatable to the public.

“One of the many problems with the current social care system is the complexity and uncertainty around the provision from the state. Worryingly, people often think the public purse will pay for their care or at least part of it. Even those that don’t are left scratching their heads as to how much they need to pay in before state funding kicks in. The whole thing leaves people confused and vulnerable.

“This is nothing new and is something the government has committed to tackling for years. However, to shift the current structure we need the government to deliver the social care green paper, which continues to be talked about as some sort of mythical being that never reveals itself.” 

For more information contact

Kathleen Gallagher023 8072 629307990 004932kathleen.gallagher@quilter.com

Notes to editors:

About Quilter plc:

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