The coronavirus pandemic could see a rise in intergenerational planning as investors look to leave money for their family and friends, Quilter Financial Planning has found.
The financial planning giant asked more than 1,000 adults in the UK whether coronavirus had encouraged them to think about supporting other relatives financially now or in the future. Nearly a fifth (17%) said they were more likely to look at leaving money to help their loved ones in the future and this figure rose to one quarter of people among those who had received financial advice. The survey also found one-in-five people have been prompted to try and help family and friends with short-term financial pressures, such as paying bills or making up income shortfalls and 15% of those s...
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