Related topic: Care

LCP says pension savers could be more confident about spending their pensions without worrying that they need to save for future care costs.

Women aged 55-59 have approximately half (54%) the pension wealth of men of the same age.

The figures show strong demand for professional support that currently isn’t being met.

60% of advisers highlighted care-related conversations as their biggest training need.

The FCA Financial Lives survey found that 49% of adults are dealing with one or more characteristic of vulnerability.

Over half of advisers predict a marked increase in demand for income protection and life insurance related products this year.