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‘Two million people have no LTC cover’

Fidelity says nearly two million retirees have no cover in place to pay for long-term care if they need it. Of the 55-75-year-olds setting aside money for care needs, 24 per cent reserve less than £25,000, typically only enough to cover the costs for one year while the average stay in a nursing home lasts three years.

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By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]

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