Few Britons saving for care in old age

The majority of Britons are failing to save towards the cost of long-term care, despite thinking the state will not be able to fund all of their needs.

About 84 per cent of people said they were not setting aside any money towards the cost of care that they might need in later life, according to health insurer National Friendly.

Richard Sear, of National Friendly, said: "Clear plans must be put in place to provide for our increasing ageing population as soon as possible to ensure that there will be adequate care provision for people in their old age."