Conservatives to target rising social care costs in manifesto

Triple lock to be ditched

clock • 2 min read

The rising cost of social care is expected to be a principal focus of the Conservatives' 2017 general election manifesto when it is launched later today, according to reports.

The FT reported Prime Minster Theresa May (pictured) would announce "plans to cut the costs of caring for an ageing Britain in tough reforms that will hit millions of wealthier pensioners, many of them Conservative voters". The Conservative party also intends to scrap the ‘triple lock', which currently guarantees annual rises in the state pension of at least 2.5%, as well as its planned cap on the amount an individual is expected to pay towards social care, with domestic care having for the first time to be paid for from the value of a house. According to the BBC, the manifesto will p...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Door's Shilpan Patel: Culture takes centre stage

Door's Shilpan Patel: Culture takes centre stage

Fund selectors increasingly aware of poor culture

Shilpan Patel
clock 27 June 2025 • 3 min read
Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Time of rapid evolution for the wealth and intermediary sector

Katrina Lloyd
clock 26 June 2025 • 7 min read
Winners Gallery: Fund Manager of the Year Awards 2025

Winners Gallery: Fund Manager of the Year Awards 2025

Ceremony on 19 June

Investment Week
clock 24 June 2025 • 1 min read
Trustpilot