Advice should enable clients to live 'happier, more fulfilled lives'

Incorporating the Financial Wellbeing Index

Ayesha Venkataraman
clock • 2 min read

The objective of the financial planning industry is about both helping clients make the most of the money they’ve got and be happier with the money they have, ultimately enabling them to live happier, more fulfilled lives, advisers heard at PA360 North.

Andy Manson, chief marketing officer at Aegon championed moving away from the "cult of economic growth." He added: "Making the most of the money you have, this is well-tread territory for us as an industry. It's the fundamentals of what we do as an industry. "But it is not enough to deliver financial wellbeing to the clientele. With that comes, from the other side, the mindset building blocks." In order to develop and quantify the concept of financial wellbeing Aegon created the Financial Wellbeing Index, in collaboration with the Initiative for Financial Wellbeing (IFW) and the Un...

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

PA360: Advice firms 'brush over' data integrity fundamentals

PA360: Advice firms 'brush over' data integrity fundamentals

‘Your business and your people are under attack constantly’

Isabel Baxter
clock 25 April 2024 • 1 min read
PA360: The need for a financial plan 'has never been higher'

PA360: The need for a financial plan 'has never been higher'

‘It needs to be done in a different and innovative way’

Isabel Baxter
clock 25 April 2024 • 2 min read
PA360: Potential pitfalls for advisers amid push for AI integration

PA360: Potential pitfalls for advisers amid push for AI integration

Advisers must be not be ‘deceived into believing AI can solve all problems’

Sahar Nazir
clock 25 April 2024 • 1 min read