The age to start making long-term financial provision is...

clock

British adults have reported that 28 is the age to begin building long-term financial provisions, Bright Grey has said.

According to the provider's Financial Safety Net report, those aged 35 and over said 28 was the age to begin making financial provisions. But it also showed 4% of respondents only realised the need at age 50 or above. One in 20 said they did not need to plan financially for the long term at all. Roger Edwards, managing director at Bright Grey, said: "Twenty-eight is around the age that, for many, they may take key lifestyle choices such as buying a first property, getting married or having a child. "With these changes can come responsibility, and this means waking up to the very...

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 Protection

Budget 25: The protection and health headlines

Budget 25: The protection and health headlines

NHS, welfare reform, NI, economic inactivity and more

Cameron Roberts
clock 27 November 2025 • 2 min read
Why life and income protection planning is essential for every business

Why life and income protection planning is essential for every business

Protecting livelihoods, relationships and the long term vision of a business

Ken Maxwell
clock 10 November 2025 • 4 min read
Unintended consequences: Why protection needs tech-led transformation

Unintended consequences: Why protection needs tech-led transformation

'The protection industry cannot afford to rely on legacy systems and manual processes'

Paul Yates
clock 30 October 2025 • 2 min read