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flag One in six UK adults in their 30s are financially supporting older or vulnerable relatives, often at personal cost.

flag One in six UK adults are financial carers, typically in their 30s, supporting older or vulnerable relatives with money management, including bills, pensions, and scam detection, often stepping in due to signs like missed payments or fraud. flag The role strains carers financially, with 22% using personal funds, 17% taking time off work, and 22% reducing hours. flag Only 25% understand pensions well, and 15% say this gap caused problems, though 24% are motivated to improve their own retirement planning. flag L&G has expanded its guided retirement planner, initially for those 55 and older, to younger savers to provide personalized insights. flag The tool aims to help users build sustainable retirement income amid complex life demands. flag New regulations now allow pension providers to offer more targeted support, which L&G’s CEO says could significantly improve outcomes. flag The findings come from a survey of 4,000 UK adults conducted in July and August.

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