UK Government fails to set out social care strategy

Commenting on the government white paper ‘Working together to improve health and social care for all’, Chris Reynolds, Chair of the Health and Care Board at the Institute and Faculty of Actuaries, said:

“This white paper is a step in the right direction, and we welcome the objective of joined up care for everyone. However, more is required to save the UK’s social care sector from the funding crisis it is currently in.

“Regrettably the government has kicked the can down the road on providing clear solutions to the social care funding crisis. With COVID-19 exacerbating the pressures already placed on the social care system and the NHS under increasing budgetary strain, it is disappointing that this white paper has failed to set out a clear strategy for tackling social care in both the short and the long term.”

~ENDS~

Contact
Sonia Sequeira, Media Relations Manager, IFoA
Tel: 07525 592 198
Email: sonia.sequeira@actuaries.org.uk

Notes to Editor

1. Department of Health and Social Care. ‘Working together to improve health and social care for all’. 11 February 2021

About the Institute and Faculty of Actuaries

The Institute and Faculty of Actuaries (IFoA) is a royal chartered, not-for-profit, professional body.

Research undertaken by the IFoA is not commercial.  As a learned society, research helps us to fulfil our royal charter requirements to further actuarial science and serve the public interest. 

Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.

Members of the IFoA have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s of London.

Members are governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of actuaries in society.

The IFoA is available to provide independent expert comment to the media on a range of actuarial-related issues, including COVID-19 and its long term consequences, mortality, pensions, life and general insurance, health and care, finance and investment, climate change and sustainability, systems thinking, uncertainty and judgement, and risk management.