The self-employed are particularly vulnerable, with no current auto-enrolment solution to make pension savings the default for them.
In the UK, it’s not the norm to have private healthcare or to fund in advance for social care.
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But if it’s no longer a given that the state will offer universal health and social care free at point of need for all, younger generations may increasingly need to make more of their own provision for health and social care, as well as their retirement needs.
That, unfortunately, won’t come cheap.
Steven Cameron is pensions director at Aegon
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