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    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

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    Category: Social Care

    Queens Speech – another missed chance to reform social care – if not now, when?

    Queens Speech – another missed chance to reform social care – if not now, when?

    If not now, when? Queen’s Speech missed another chance for social care reform.  The pandemic has highlighted so many failures in our social care system, leaving elderly people without the care and support they require.    25,000 people relying on social care at home died, with excess deaths in some areas doubling or trebling as Covid-19 interrupted care services.    Thousands more care home residents died last year as care homes were relegated to second class provision.    Legislation is…

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    Welcome NHS reform proposals are a missed opportunity

    Welcome NHS reform proposals are a missed opportunity

    Integrating NHS and social care won’t sort out care crisis without the long-promised overhaul of social care funding.    Covid-19 pandemic has exposed the massive failings in our care system which leaves elderly people as an afterthought.  Social care funding reforms desperately needed to ensure all older people have basic dignified care regardless of their illness.  I welcome the Government’s plans for a blueprint for integration of health and social care: Properly integrating social care with NHS care is long overdue,…

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    Public Accounts Committee is right to call for urgent action to ensure social care does not fail the most vulnerable

    Public Accounts Committee is right to call for urgent action to ensure social care does not fail the most vulnerable

    PAC calls for urgent short-term action on social care to ensure equality with NHS.  Government response was ‘slow, inconsistent and at times negligent’, as NHS was not co-ordinated with social care.  Current system failed those who needed it most and lessons must be learned before any second wave hits. Committee demands improved social care funding, clear responsibilities and accountability. Social Care in the UK is not fit for 21st Century and urgent radical reform must be introduced. The Commons Public…

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    Recent research from Irwin Mitchell and CEBR provides new insight into Elderly Care Crisis

    Recent research from Irwin Mitchell and CEBR provides new insight into Elderly Care Crisis

    Recent research from Irwin Mitchell and CEBR provides new insight into Elderly Care Crisis. Chancellor needs to announce measures in the Budget to encourage savings and Care ISAs. Urgent action to plan ahead can’t come soon enough. The aging population requires extra resources for care, yet no money is yet set aside for future needs. We’ve been talking about the care crisis for years, but despite reviews, Royal Commissions and even legislation, no meaningful reform has been introduced, as the…

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    Social Care crisis – shocking figures reveal discrimination against privately-run care homes

    Social Care crisis – shocking figures reveal discrimination against privately-run care homes

    Shocking figures suggest councils are discriminating against privately-run or charity care homes, which is worsening the care crisis. Local authorities pay up to 60% more for same care in council-run homes while refusing to cover the costs of elderly residents in private or charity-run care homes. Figures show local authorities paying only around £450 a week to independent homes, but over £700 a week for the same care in local council-run care homes. CQC seems to be failing in its…

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    Progressive reform agenda to improve quality of life for older citizens, especially women

    Progressive reform agenda to improve quality of life for older citizens, especially women

    Here are some thoughts about urgent policy proposals to improve the fairness of the National Insurance system for women and for the aging population. Top 5 policy recommendations:    Extend triple lock to Pension Credit for oldest, poorest pensioners. Allow early access to State Pension for ill-health, long service or carers. Recognise WASPI concerns and address hardship caused by increased state pension age. Remove National Insurance loopholes that cause women to lose State Pension credits. Offer free personal social care…

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    Four Seasons is just latest example of social care crisis which is crying out for funding reform

    Four Seasons is just latest example of social care crisis which is crying out for funding reform

    Financial restructuring of Four Seasons highlights Social Care funding crisis while Government keeps avoiding urgently-needed reform     Private equity firms and hedge funds are not stable stewards for elderly care Independent Care Home sector has been an accident waiting to happen as financial engineering has driven ownership changes. Care sector also hit by rising wage and pension costs, falling council funding and Brexit-related staff shortages. Elderly Care should not be a financial game – it has people’s lives attached….

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    Budget 2018 – my first thoughts

    Budget 2018 – my first thoughts

    Chancellor plays it safe – sensible reforms to boost growth and some nice surprises. Glad to see no big changes on pensions. Increase in personal tax threshold to £12,500 will boost auto-enrolment in April 2019 when worker contributions double. But yet another missed opportunity to find money for social care. So there we have it.  The last Budget before Brexit, cleverly crafted to ensure measures will please as many groups as possible who might have been tempted to vote it…

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    Social Care and Auto-Enrolment

    Social Care and Auto-Enrolment

    Auto-enrolment for care funds could help younger workers but not older generations. For babyboomers who’ve already retired, auto-enrolment via employers won’t help. A 21st Century National Insurance system should include later life care as well as pensions. Pensions, ISAs, housing, or other savings might help those already in later life.  Green Paper on social care will need wide range of measures, implemented urgently, to spread burden more fairly within and between generations. The Secretary of State for Social Care has…

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    Care ISAs: Over-60s have £300billion in ISAs which could help care funding crisis

    Care ISAs: Over-60s have £300billion in ISAs which could help care funding crisis

    Britain’s over-60s have more than £300billion in ISAs which could help solve the care crisis. Over 8million over 60s have £35,000-£40,000 in ISAs. £1trillion+ earmarked to pay future pensions but nothing for future care costs. Government’s should introduce incentives for Care ISA.  Britain faces a funding crisis for elderly care with no money set aside for future care needs: The country cannot cope with the costs of caring for today’s elderly population as more than one million older people who…

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