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flag Many UK workers underprepare for retirement care costs, facing potential financial shortfalls.

flag A report by Barnett Waddingham reveals that while 36% of UK workers expect health and care costs to rise significantly in retirement, only 17% have planned for potential long-term care. flag With average workplace pension income at £20,435 per year and residential care costing around £60,320 annually, many retirees may face financial shortfalls. flag The study highlights the need to improve awareness and financial planning for retirement care needs.

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