Family dynamics: Why intergenerational wealth transfer strategies matter

‘Family dynamics, financial education and emotions’

Jenna Brown
clock • 11 min read

An estimated £1trn will transfer to the next generation in the coming decade (rising to a whopping £5.5trn over 30 years). And while 81% of advisers say it is a huge opportunity, just a third have put a strategy in place to capitalise on it. Jenna Brown looks at the issues...

A mindboggling £5.5trn is expected to pass from one generation to the next in the UK by 2047, with a more modest £1trn set to move hands by 2027, according to research from Kings Court Trust. That's a lot of money moving from one person to another and should be food for thought for all advice businesses with an ageing client bank. Where will the assets that you and your advisers have worked hard to nurture and grow end up? And will you, the adviser who orchestrated that growth, still be in a position to assist after the transfer? Intelligent Pensions managing director Andrew Pennie...

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