Inheritance major driver for people to seek advice, study suggests

One-in-five people aged 18-34 sought advice after receiving an inheritance, according to LV=  Wealth and Wellbeing Monitor, which it said was especially true for the "mass affluent" - those with assets of between £100,000 and £500,000, excluding property. Some 22% of those who sought advice did so after receiving an inheritance. The survey examined consumer attitudes to spending, saving and retirement among more than 4000 people over September 2021. It also looked at the attitudes of affluent consumers, a key target market for financial advisers. It also found that, for the population...