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The Great Wealth Transfer is happening, with the UK expected to see a significant shift in assets passed down to younger generations over the next 30 years. This is perhaps why more people are showing an interest in intergenerational financial planning. A survey* of financial advisers found that 80% of clients are now concerned about intergenerational planning, compared with 75% in 2022. Clients seem to be recognising this area as an increasing priority, with 39% seeing it as ‘highly important,’ up from 34% three years ago. This growing focus is likely due to changes announced in last year’s Autumn Budget, which have prompted more advisers to use trusts when Inheritance

There’s a dip in financial confidence when Brits reach their 50s, according to newly published research. Only 33% of people aged 50-59 feel positive that they will retire comfortably. This is the lowest of any age group, with 49% of young adults and 46% of over-60s feeling confident about retirement. Meanwhile, people aged 18-49 spend nearly £300 annually on anti-ageing products, almost three times the amount spent by those in their 50s and more than four times that of those aged 60+. Aegon, which commissioned the research, said the findings highlight a complex relationship with ageing, shaped by both appearance and anxiety, especially in the face of financial uncertainty. Dr. Tom Mathar, Head of Aegon’s Money:Mindshift