The UK savings gap? £9trn and counting...

"Currently, many pre-retirees have little savings and carry the burden of significant debts just at a time when their incomes are about to fall," it says. A spokesman for the CII told the Telegraph: "A lot of people are going to have their assets depleted by parents' long-term care costs or their own." The report says the average care home costs £26,000 per year and the average stay is two years, although a significant proportion of people stay for more than four. That will rocket as people start to live longer. The proportion of very old people will grow the fastest, says the repo...