This report, produced in association with the University of York, finds that the market for home care providers is extremely fragile, with squeezed margins and low fees forcing providers to leave. In 2017 providers handed back home care contracts in more than one in three local authorities, and some of the largest providers have withdrawn from the publicly funded home care market altogether. Staff shortages are also a ‘relentless challenge’ for home care providers in many places.
In this report the pensions and risk consultancy, Hymans and Robertson, calls for cross–party political bravery to address the crisis in adult social care so that older adults and their carers can be treated with the dignity and respect they deserve. Lack of public understanding of the scale of the crisis is one of the biggest barriers to the implementation of a sustainable and fair funding system.
Consolidating defined benefit pension schemes into superfund entities so that they benefit from improved funding, economies of scale and better governance will provide more security for members of some pension schemes. This consultation seeks views on a new legislative framework for authorising and regulating defined benefit 'superfund' consolidation schemes. It closes on 1 February 2019.
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