
New research has revealed the difficulty many older people will have when the time comes to pay for the cost of care.
Most people pay into a pension during their working life to ensure that they have sufficient income when they retire. However, with ever increasing life expectancy more and more people are being forced to use their pension to meet the cost of long-term care.
What’s more, with the introduction of Pension Freedom, which allows for unlimited withdrawals from a pension, experts predict that an ever increasing number of people will ...