People are getting richer says L&G

clock

People are getting richer and the high net worth sector more populated, according to Legal & General.

The protection provider says as a result the sector is becoming an increasingly important part of the protection market. It says an increase in personal wealth is behind the shift, which has been achieved by making money through property and business. The firm says, according to statistics by nationwide, house prices have tripled in value in the past ten years resulting in appreciating assets for homeowners. Moreover, data provided by the Federation of Small Businesses suggests half a million people start up their own business every year to boost their personal wealth. Legal & Gene...

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 Investment

The active funds beating the MSCI World for the past decade

The active funds beating the MSCI World for the past decade

'The next decade could be very different'

Darius McDermott
clock 04 June 2026 • 5 min read
Commodity allocations in a volatile landscape

Commodity allocations in a volatile landscape

'Currency dynamics are also becoming more significant'

Rob Gleeson
clock 03 June 2026 • 4 min read
Why markets keep rising despite a more uncertain world

Why markets keep rising despite a more uncertain world

'For investors, maintaining diversification and portfolio resilience remains essential'

Fahad Hassan
clock 02 June 2026 • 4 min read