Pensions - Articles - Social care and what later life might look like

 Steven Cameron, Pensions Director at Aegon comments:“As life expectancies continue to rise, finding a solution to the long term funding of adult social care is one of our country’s greatest challenges. 

 “The Government needs to put sustainable funding of social care at the very top of its agenda. It’s positive that people are on average living longer, but the associated care needs come at a significant and escalating cost to both UK plc and to individuals who need care and their families. The Government needs to set out a fair deal showing how much it will pay and what individuals, based on their wealth, will be expected to fund themselves. Only then can individuals plan ahead with certainty to be able to pay their share.

 “While Brexit may be taking up the majority of Government thinking, it can’t afford to keep putting off decisions on social care funding. The delayed Green paper, now promised for the Autumn, is an opportunity to have a proper national debate, across generations, to arrive at a fair and sustainable solution.”