“The vast majority of us are going to have to take some responsibility for our care needs,” says Tony Müdd, a Divisional Director at St. James’s Place Wealth Management. “However, the public are either under the misapprehension that long-term care is provided free at the point of need by the state and funded from taxes already paid during their lifetime, or that if this is not the case, they believe that it should be.”
How to protect your financial wellbeing in an energy crisis
Average annual energy bills shot up by £693 to £1,971 in April as the energy price cap increased. With the cap set to rise again in October, the energy crunch is significantly eroding people’s income and savings – and threatening a financial wellbeing crisis.