The typical person entering residential care will face total bills of between £50,000 and £93,000, depending on where they live, according to analysis by Royal London.
Variations in house prices around the UK mean this could amount to anything from 18% to 56% of the value of the average house. Royal London director of policy Steve Webb said: "Successive governments...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year
The chairman looks to bridge the pensions gap