Retirement solutions should have the flexibility to provide both decent pensions and meet long-term care costs if necessary, the Association of Consulting Actuaries says.
Speaking at the Association's annual dinner yesterday, ACA chairman Stuart Southall (pictured) said policymakers need to find a "joined-up solution" to address the crises emerging in both pensions and long-term care. Southall said: "It's difficult to see why we are not considering a solution that looks to provide a decent pension for all, taking account of state pensions, while at the same time encompassing sufficient flexibility to make sure those who need long-term care have their costs largely met from the same package." However, he cautioned the solution had to be fair between ge...
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