Advisers 'invaluable' to calm Baby Boomer inheritance fears

Survey assesses different attitudes to money across generations

clock • 2 min read

Advisers could see increased demand for their inheritance services, as new research points to fears among some clients about how their money will be spent after their death.

A third (32%) of Baby Boomers are reluctant to pass their wealth to someone with a different attitude to money than them, according to a survey by Abrdn. This has the potential to create a perfect storm of intergenerational conflict, as the same research highlighted significant differences in financial attitudes between generations. Generation Z were found to prioritise spending in the here and now (39%), over making financial sacrifices for the future. This compared to only 22% of baby boomers who thought that way. Advisers could benefit from this mismatch, by coming up with in...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Tax planning

Laura Suter explores the patchwork of government childcare polciy

Government must bring clarity to childcare provision

Childare will be a key policy point at the next general election

Laura Suter
clock 21 March 2023 • 4 min read
Record IHT receipts up 16% year-on-year with £0.9bn increase

Record IHT receipts up 16% year-on-year with £0.9bn increase

Running total for 2022/23 now £6.4bn, surpassing last year’s final figure

Jenna Brown
clock 21 March 2023 • 4 min read
Picture by Rory Arnold / No 10 Downing Street

Budget in review: A 'transformative' time for pension savers

Spring back to work….please! A look at the big changes in pensions

Stewart Sanderson
clock 20 March 2023 • 5 min read