Why engaging with younger clients makes sense now

Tips for advisers on working with younger people

clock • 3 min read

As young workers are introduced into the savings habit through auto-enrolment, Martin Wigginton considers the opportunities for advisers to attract this younger clientele...

Little and often In the UK, the early signs from auto-enrolment among the young are encouraging. Opt-out rates are running at just 10% on average, and halve (to just 5%) among under-30s, according to NEST's 2015 Insight Report. Perhaps the act of putting aside money little and often will nudge the younger generation to save more and go on to seek advice on how best to do so.   Student debt Twenty-somethings may be less worried by their financial responsibilities compared to 30 to 40-year-olds. However, particularly in the graduate sector, there is concern of debt. In the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Wealthtime's Amira Norris: 'Don't assume you know clients' needs'

Wealthtime's Amira Norris: 'Don't assume you know clients' needs'

‘You have to proactively seek engagement and understand them’

Isabel Baxter
clock 08 May 2024 • 1 min read
Editor's View: The time is right for a platform market takeover

Editor's View: The time is right for a platform market takeover

The editor's Friday Night Takeaway from 3 May

Hope Coumbe
clock 03 May 2024 • 1 min read
Editor's View: Looking back at the week that was PA360

Editor's View: Looking back at the week that was PA360

The editor's Friday Night Takeaway from 26 April

Hope Coumbe
clock 26 April 2024 • 1 min read