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...

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 Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read