Widows urged to seek financial advice

clock

Standard Life has urged widows to review their legal and financial affairs to meet their changed circumstances.

The call follows research conducted by Standard Life, which reveals that only 49% of the UK population have a will, and only 24% have the power of attorney. The research also revealed that 57% of people with children have no will, compared with 48% of those without children, meaning many may not have made adequate provisions for their children. Commenting on the research, Julie Hutchison, estate planning specialist with Standard Life Assurance, says: “For many women, the emotional difficulties of bereavement can be compounded by being faced with additional financial and legal issues. It...

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 Your profession

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read