Advisers missing out on 'younger' business

clock

Advisers are routinely missing out on business opportunities by failing to engage with younger consumers, according to Standard Life.

Despite nearly 70% saying 28 to 40 year olds are important to their business; Standard Life found advisers do not often start working with clients until they are aged over 40. A Standard Life survey suggests advisers see young people as important because they offer long-term business prospects, which aid sustainability. Mark Polson, head of customer management at Standard Life, says young people often recognise the need to save for retirement, but many are reluctant to take the first steps. He believes advisers have a major role to play in helping them understand the importance of lo...

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

Aberdeen sells financial planning arm to Ascot Lloyd

Aberdeen sells financial planning arm to Ascot Lloyd

Part of provider’s plan to simplify business

Jenna Brown
clock 20 August 2025 • 2 min read
Advisers urged to look beyond training academies

Advisers urged to look beyond training academies

‘Young people have a misunderstanding of opportunities a career in advice can hold’

Sahar Nazir
clock 20 August 2025 • 2 min read
Gillian Hepburn: Benchmark's 'cradle to grave' approach is a USP

Gillian Hepburn: Benchmark's 'cradle to grave' approach is a USP

‘We can help advisers start up a business depending on how they’re joining us’

Sahar Nazir
clock 19 August 2025 • 3 min read