Digital legacy 'overlooked' in financial planning by clients

Seven in ten Brits fail to reference digital legacy as part of their will

Isabel Baxter
clock • 2 min read

Seven in ten Brits fail to reference digital legacy as part of their will, St James’s Place (SJP) has found.

The research among 4,000 UK adults revealed that seven in ten (71%) people with a will have failed to refer to their digital legacy in it, such as nominating a trusted individual to manage their accounts in the event of their death. Of those who did reference their digital life, nearly one fifth (18%) were prompted to do so by their financial planner. Moreover, nearly half (48%) of those with a will have also not connected family members to their financial planner, meaning loved ones may struggle to track down details of a deceased's digital life. Financial planners ensure digital ...

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

Women in leadership: Being authentic is a strength

Women in leadership: Being authentic is a strength

‘Leadership in financial services is a team sport’

Jenna Brown
clock 16 April 2024 • 7 min read
Advisers seeing clients 'stretch finances' to afford private school

Advisers seeing clients 'stretch finances' to afford private school

Parents ‘stretching finances’ to finance private education

Sahar Nazir
clock 16 April 2024 • 1 min read
FCA's Howard: Firms' culture must change to attract female talent

FCA's Howard: Firms' culture must change to attract female talent

‘We need a different and better mix of advisers and advice’

Jenna Brown
clock 16 April 2024 • 4 min read