Long term care: A demographic timebomb

clock

Advisers are missing a trick with long-term care insurance, writes Joanna Faith.

The UK is facing a ticking demographic time-bomb thanks to an ageing population. Government figures suggest the number of people aged 85 and over, the ‘oldest old’, has increased rapidly. In 1983, there were just over 600,000 people in the UK aged 85 and over. Since then the number has more than doubled to 1.3 million in 2008. Developments in medical science mean more of us will live longer. By 2033, the number of people aged 85 and over is projected to more than double again to reach 3.2 million, and to account for 5% of the total population. While a welcome statistic for many, the pres...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read
Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read