Chris Budd: When to use the term 'financial wellbeing' … and when not to

Five pillars

clock • 3 min read

With the term financial wellbeing on the rise, Initiative for Financial Wellbeing chair Chris Budd explores when the term should and should not be used in an effort to halt the misapplication of the phrase

Recently we have seen a dramatic increase in the use of the term financial wellbeing. The phrase has been adopted by both the Money and Pensions Service (MaPS) and the Financial Conduct Authority (FCA). It is the title of a new Personal Finance Society video produced with ITN. It has appeared in the marketing for various product providers. Financial advice firms, both independent and restricted, are using it to describe their proposition. It has appeared as a heading in articles about investment management. While it is great to see so many organisations adopting the term, some are ...

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

CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read
'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read
Feel Good Friday: PA Awards attendees raise £15,000 for Go Beyond

Feel Good Friday: PA Awards attendees raise £15,000 for Go Beyond

Best amount ever raised

Professional Adviser
clock 20 March 2026 • 1 min read