Three things your clients may call you about this week...

'SOS'

clock • 3 min read

Care fees, couples' state pensions and the new chancellor - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend…

Pensions SOS: Even the rich won't have enough for care fees Wealthy savers who have maxed out their pensions are still likely to be unable to afford the spiralling cost of old age social care, according to analysis by The Sunday Times. The 'paper claims savers who hit the £1.055m lifetime cap on money in a pension will not have enough income to pay for the cost of one year's social care. A lifetime allowance hitter who bought an annuity at state pension age would generate an income of £32,000 a year, figures from tax adviser Blick Rothenberg show. Even if the full new state pension...

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