Two-thirds (66%) of advisers have said their clients are 'concerned' about the potential cost of funding long-term care, according to a survey by Blackrock.
The survey also found that 71% of advisers believe their clients are planning on working longer and retiring later in life.
The findings come from the BlackRock Investor Pulse survey and UK Financial Adviser Investor Pulse survey which questioned 2,000 and 250 UK respondents respectively.
Jim Boyd, director of corporate affairs at Partnership said: "While we do not want people to worry about things unnecessarily, evidence that there is an awareness that long-term care is a cost that needs to be considered in later life is good news.
"Whether this will translate into people actually taking proactive steps to manage this risk is another story.
"Indeed, we find that paying for care is often an immediate needs purchase made when families are under extreme emotional pressure.
"We would recommend that if this is a concern that people speak to a financial adviser so they understand their options and obligations."
Further Reading:
FCA 'miscalculated' care costs in business plan - LEBC Group
