Advisers fear wealth transfers may lead to loss of business

This is an increase from 59% last year, according to the Schroders UK Financial Adviser Pulse Survey 2023.  Schroders said in its previous surveys, nearly 80% of advisers indicated that wealth transfer provides a significant opportunity, yet "clearly the challenge of retaining assets within a business when it transfers is now more broadly recognised". "Perhaps we should be reframing this important issue as ‘the great wealth retention challenge'," Schroders said. Read more: Intergenerational planning 'important for business value'