IFAs challenging clients on living inheritances despite care cost bite

The firm's ‘Social Care - A Decade in Review' report - published today (18 October) - found almost two-thirds (64%) of advisers believe their clients have not fully considered how long they might live and therefore need an income for. More than half (52%) of advisers also told Just Group they felt their clients do not have enough money to give away while 37% said their clients have not considered how they might fund care in later life. Parallel to this, the report found one in four men are expected to live to age 92 and one in four women to age 94. Wealthier people are also likely to ...