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 ...
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