Saving recommended for retirement years

Older persons in the UK have been advised by one sector commentator that failing to save may leave the reality of their retirement short of many individuals' expectations.

In news that may be of interest to those searching for active living advice, Gordon Lishman, director general of Age Concern, said some Britons could be left entirely reliant on the care provided to them by the state.

Saving recommended for retirement years

He added: "In addition to a low retirement income impacting on people's day-to-day quality of life, it may also leave them with little choice in the care they receive in later life."

Research by Saga has revealed that 17 per cent of people aged over 85 require long-term care.

Meanwhile, according to Age Concern, between 2006 and 2007 an estimated 2.5 million older people had some requirement for care and support, while 850,000 had higher levels of need.

This comprises just over ten per cent of England's population of those aged 65 and over.

In April 2007, 420,000 people in the UK lived in care homes, a decline of 49,000 individuals since 2000 and 84,000 since 1992.

© Copyright