Members of the House of Lords have rejected the Government’s planned change to the cap on social care costs.

I have to confess to being in two minds about the key announcement from the Government this week about the rise in National Insurance and dividend taxation, ostensibly to pay for social care.

The clarity provided this week on personal social care contributions by the Government opens up major retirement advice opportunities, according to Aegon.

The Queen’s speech at the State Opening of Parliament did not offer much hoped for clarity on the roadmap to social care reform despite a reference to bringing forward the reforms.