Quarter of clients over 45 expect to leave larger inheritance

Findings from M&G’s Family Wealth Unlocked report for 2023

Sahar Nazir
clock • 1 min read

One in four (25%) of advised clients aged over 45 expect that the inheritance they leave behind will be larger than initially expected despite the cost of living crisis.

This is according to a survey conducted as part of M&G's Family Wealth Unlocked report for 2023. Of those aged over 55, 10% believe that recent spikes in interest rates will lead to larger inheritances for their descendants. In contrast, 17% of this age group expect their inheritances to be smaller. This sentiment is mirrored among individuals aged 45 to 54, where 15% believe that the inheritance they leave will be larger. This percentage outweighs the 13% who are concerned that their inheritances will decrease in value. M&G Wealth explained the figures reflected the pattern of "po...

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

Walker Crips Financial Planning narrows losses as staff headcount grows

Walker Crips Financial Planning narrows losses as staff headcount grows

The group will keep adviser-client interaction ‘core’ to its service proposition

Sahar Nazir
clock 26 August 2025 • 2 min read
Saturn co-founder: AI compliance tools must be backed by human expertise

Saturn co-founder: AI compliance tools must be backed by human expertise

‘We need AI and people working together’

Sahar Nazir
clock 26 August 2025 • 3 min read
Budget leaks branded 'disappointing' as tax-free cash cut rumour resurfaces

Budget leaks branded 'disappointing' as tax-free cash cut rumour resurfaces

Calls to ‘ignore’ Budget speculation

Isabel Baxter
clock 22 August 2025 • 4 min read