Majority not saving for long-term care

The survey of 1,109 adults aged 55-75 reveals over two thirds (69%) – equivalent to nearly two million people – have no plans to keep money back for long-term care (LTC). Of the quarter who do plan to set aside money, one in three (37%) will reserve less than £25,000, enough to cover just one full year’s care. The survey also reveals three quarters (74%) of women and two thirds (66%) of men do not intend to set money aside and, of those who have not yet retired, 68% are not planning to keep back any of their savings in the event of their partner or themselves requiring LTC. Of thos...