The silver bullets of intergenerational planning

The Great Wealth Transfer is about to begin in earnest, where a predicted £5.5trn is set to pass from older to younger generations over the next couple of decades. While this may well bypass the so-called 'squeezed middle' - or Generation X - the financial services industry is well aware of the need to help all generations understand the value of money.

But what we are also starting to see is the importance to advisory firms of getting more young people into good savings habits, and reaching out across generations to help today’s less wealthy youth become tomorrow’s wealthy pensioners. And educating them on the importance of compound interest, education and communication across the generations are vital components of this.

Joining senior editor Simoney Kyriakou on the latest FTAdviser In Focus podcast to discuss these issues are: Roy McLoughlin, associate director of Cavendish Ware; Kay Ingram, director of public policy for LEBC, and Effie Datson, global head of family office for Barclays Private Bank.

Hosted on Acast. See acast.com/privacy for more information.