Youngsters say investments are for "older people" - FSA research

clock

Most young people believe investments and pensions are not relevant to their own financial position, and are instead aimed at "older people" according to research conducted by the FSA.

A study of 15-19 year-olds across the UK, commissioned by the FSA, suggests there are four main categories of young people when it comes to managing their own finances: conservative, hedonistic, mixed and aspirers (See table at the bottom of the story for more details of individual characteristics). However, only 11% of those questioned said getting a pension was something they would eventually acquire. At least 60% of those questioned by the NOP Research Group sessions said they hope to buy a home in the future while at least 20% hope to have no debts or to save regularly. At the sam...

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

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

'Investing is not just a technical exercise; it’s an emotional one'

Kate Rainbow
clock 03 August 2026 • 4 min read
The Platforms Association acquires the UK Platform Awards

The Platforms Association acquires the UK Platform Awards

Clive Waller hands over the awards programme

Isabel Baxter
clock 30 July 2026 • 2 min read
FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Covers advisers, platforms and wealth managers

Sophia Panayi
clock 30 July 2026 • 3 min read