Lack of inheritance planning risks 'missed opportunities'

Progeny research found just 3% planned inheritance with IFA

Jenna Brown
clock • 3 min read

A “stark lack” of structured inheritance planning across the country has been revealed by research from Progeny which found just 3% of those surveyed had worked with a financial adviser to maximise their wealth transfer plans.

The research, a national survey of more than 1,000 adults conducted by YouGov, also found while 60% of Baby Boomers intended to leave money to the next generation only 17% had a formal plan in place. The advice and professional services firm launched its research report, Planning to pass it on, today (5 October) with the aim of uncovering attitudes around intergenerational wealth transfer and polled three generations on the issue. Progeny CEO Neil Moles said the research highlighted that transferring money to the next generation is an "ambition for many" but there was a "stark lack of...

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