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

Ex-minister Nicky Morgan looks to set up inquiry into women's financial resilience

Ex-minister Nicky Morgan looks to set up inquiry into women's financial resilience

‘Financial vulnerability is a predominantly female experience’

Sophia Panayi
clock 20 May 2026 • 1 min read
 Why ongoing advice matters when client confidence is low

Why ongoing advice matters when client confidence is low

'What clients value most from advisers is clear priorities, reassurance and practical help'

Sophie Hall
clock 19 May 2026 • 3 min read
Simplybiz academy to 'level the playing field' for smaller firms

Simplybiz academy to 'level the playing field' for smaller firms

Academy launched to help smaller firms grow organically

Sophia Panayi
clock 19 May 2026 • 4 min read