One in three unsure about financing later life -NS&I

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Around a third of Britons do not know how they will finance later life costs for themselves or a relative, according to new research.

NS&I's poll of 1223 UK adults also revealed almost half of Britons (48%) do not intend to seek advice regarding their later life financial planning. Just over a fifth (21%) would approach a financial adviser to plan later life needs, while 13% would ask friends/relatives for advice. A further 9% would consult their parents for advice and 9% would consult the Citizens Advice Bureau. NS&I retail customer director John Prout says: "With people living well into their eighties, many more of us are likely to need care in the future, and are likely to need to care for others also. Getting th...

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