Individuals within the UK have a robust want to take care of their
independence as they grow old, a world retirement survey reveals.
The research, carried out in 15 nations by Aegon, discovered three
quarters (74%) of UK respondents stated it was very or extraordinarily necessary that
they continue to be in their very own residence.
This compares to solely 58% folks within the Netherlands and
43% of these in Japan.
Aegon stated a robust emotional attachment to their residence
has necessary implications for social care provision and the way it will likely be funded.
The insurer warned that the persevering with delay to the
authorities’s inexperienced paper is inflicting a irritating lack of long run certainty,
with no readability on how prices shall be cut up between state and particular person and
whether or not folks’s properties shall be considered when figuring out
how a lot they are going to contribute in the direction of care prices.
The survey discovered 40% of individuals within the UK acknowledged that
shedding their independence was a retirement concern. Nearly a 3rd (29%) of
respondents had been involved about needing to maneuver right into a nursing residence in
retirement.
Steven Cameron, pensions director at Aegon, stated people
have to have a transparent understanding of what they are going to be anticipated to pay ought to
they want care and there must be an total restrict or cap on their share of
care prices.
“We have to be sure that incentives are in place for
folks to plan forward for an occasion which could possibly be 20 or extra years into the
future,” he added.
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