Costing care: New approaches to means-testing and funding adult social care. An ILC-UK, IFoA and Cass Business School joint event.
Dec 14, 2016 | EVENT
On Wednesday 14 December 2016, we launched a paper which reviews the present and proposed formula for means-testing adult social care in England.
In 2011, the Dilnot Commission recommended a cap of £35,000 on adult social care costs, and that the threshold for means-tested assistance be raised from £23,250 to £100,000 for those in residential care. This new paper by Cass Business School reviews the present formula for means-testing adult social care and the formula recommended by the Dilnot Commission, and finds fault with both.
Chaired by Baroness Sally Greengross OBE, Chief Executive of the ILC-UK, the launch included a keynote presentation from report author, Professor Les Mayhew, Professor of Statistics, Faculty of Actuarial Science and Insurance, Cass Business School, and a response from an expert panel of actuaries and related professionals.