There is an advice gap amongst the next generation and “all evidence” points to this being the case, according to Schroders head of UK intermediary solutions Gillian Hepburn.
Speaking to Professional Adviser, Hepburn said that an AKG report sponsored by Schroders in November 2022 showed the cost of living crisis (50%) and cost/margin pressures on their firms (49%) as the key challenges facing advisers when acquiring next generation clients. She said this is "no surprise", as the recent Financial Conduct Authority Financial Lives survey indicated that in the six months to January 2023, 57% of UK adults had dipped into savings and investments (including pension savings) or had stopped saving altogether. Castlefield partner of the financial advice team Olivia...
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