...I would not be on my own. In October, the Daily Telegraph reported on research from the Centre for Economic and Business Research. It showed there are more than 820,000 "demi-millionaires" - that is, those worth at least £500,000 and that the number is growing at more than 10% per year.
The wealth figure does not include pension rights and is based on net wealth, meaning liabilities like mortgages are deducted. Interestingly, most demi-millionaires are aged between 45 and 64 and just over 40% of them are women. It would be easy to assume that this is all as a result of the strong growth in property and so is not necessarily increasing these lucky people’s need for immediate financial advice. But apparently, this is not so. The report states that indeed more than a third is, in fact, tied up in property but that the next highest allocation of personal wealth is in securi...
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