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Britons 'failing to save for care'

Britons remain unaware of the importance of saving towards their future retirement care needs, new research suggests.

According to the Bupa Health Pulse study, Britain came last in an international poll when it came to people's intentions to save up for old age care costs.

Just 30 per cent of the Britons polled in the survey said that they feel savings will be required to meet their future care outgoings.

Meanwhile, just 33 per cent of the over-65s included in the research said they bothered to save money towards their old age.

Oliver Thomas, UK director at Bupa Care Homes, said: "We know that on average, someone over 65 is likely to need around £50,000 to cover care costs such as home adaptations, meals on wheels and care home fees, but one in 10 will need double that."

People in China and Thailand were most likely to say they had saved towards their retirement years.

Copyright © Press Association 2011

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