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Press Release

Chartered Insurance Institute comment ahead of Andrew Dilnot's appearance at the Health Committee

6 December 2011

Despite the challenging public spending environment, there is real impetus for social care reform in the aftermath of the Dilnot Commission.

Dilnot's well argued proposals represent a significant improvement on the much maligned current arrangement, which does little to protect those in need of care from the substantial costs involved.

The proposals would also provide improved incentives for financial services to develop products to help individuals meet their funding needs.

However, on their own, Dilnot's proposed reforms will not (and cannot) be sufficient to rebuild public trust in long-term care related financial services and stimulate new demand. The industry must do its part as well, in particular by raising professional standards for the delivery of appropriate financial products and advice.



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Chartered Insurance Institute

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