Money matters: Why family finances remain taboo

'Courageous conversations do lead to the best outcomes'

clock • 3 min read

This Financial Planning week Chartered financial planner Ben Rogers discusses the methods he uses at Equilibrium Financial Planning to facilitate courageous conversations between clients and their families and why it is important to break down barriers around talking about money…

Research shows that a staggering 81% of people still avoid discussing their finances and 21% have never spoken about money with a friend or family member. While we might assume that financial planning clients are much more accustomed to talking on the topic, when it comes to broaching the subject with family members, it can be much more challenging. Enabling clients to look after those they love and have the biggest impact now and, in the future, requires open and honest conversations. Even as someone whose career is based on talking to people about money, I recognise how difficult th...

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

L&G drops fracture cover in critical illness and income protection overhaul

L&G drops fracture cover in critical illness and income protection overhaul

Increased pay out amounts

Jaskeet Briah
clock 29 April 2025 • 3 min read
Advisers could add 20 more clients annually with AI support

Advisers could add 20 more clients annually with AI support

Early adoption of artificial intelligence tools is boosting adviser efficiency

Sahar Nazir
clock 28 April 2025 • 2 min read
Reeves faces pressure on tax promises as Trump tariffs threaten UK growth

Reeves faces pressure on tax promises as Trump tariffs threaten UK growth

EY Item Club downgrades UK growth forecast to 0.9% for 2025

Sahar Nazir
clock 28 April 2025 • 3 min read