# Burnham sets out plan to reform triple lock to pay for social care

By Charlotte Kennedy — 2026-09-29

Charlotte Kennedy, chartered financial planner at Rathbones, believes people will need to plan more for the future.

She said: “For future generations, the expectation is increasingly that individuals will need to take greater responsibility for funding both retirement and later-life care themselves.

“People often focus on building enough wealth to stop working, but retirement planning should also consider what happens if health deteriorates or care is needed later in life. The risk is that people are planning for retirement, but not necessarily planning for later life.”

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