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

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read