Retirement: 30% of over 50’s think there is “no point” saving for the future

30% of over 50’s think there is “no point” saving for the futureA new survey has revealed some surprising attitudes towards saving by older generations. A survey by TNS, found that nearly 30% of people over the age of 50 are not saving for the future simply because there is “no point”. That’s the equivalent of nearly six million people, over the age of 50, not savings for their retirement....

Long term care: 7 myths and the reality

iStock_000016454287_ExtraSmallThe subject of paying for care in old age is never far from the headlines. As with most financial matters, some opinions are treated as fact and many are less than accurate. We’ve pulled together the top six myths about long term care and tried to explain the reality. Myth #1: “I’ll pay nothing for my care after the first £72,000.” Following the Dilnot Commission’s recommendations, the Government has proposed a ‘care cap’ of £72,000. However, this has led some people to mistakenly believe ...