Over seven in ten (72%) over-60s are failing to plan for later life care, according to a new report.

A third (30%) of over 60s do not expect to pay for later life care costs, according to a new report.

Clients are increasingly including the cost of care in their discussions with their adviser, allocating around £60,000 per year for later life care, according to Financial Planners.

Prime Minister Boris Johnson is considering increasing National Insurance to fund a long-term reform of social care, according to reports released this morning.