SJP report finds key life events driving advice seeking
Nearly half of people (48%) who have accessed advice did so after a milestone
Inheritance
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Advisers should expect ‘surge in new clients’
Investec Wealth & Investment found many stockmarket investors considering seeking advice
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Autumn Statement 2023: No IHT changes ‘missed opportunity’ for Chancellor
As rumours circulated of potential cuts to the increasingly complex tax
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IHT receipts reach £4.6bn ahead of Autumn Statement announcement
As people eagerly wait to hear what is in store for the tax
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57% of inheritance advisers seen instances of financial abuse or suspected it
Including cases of lasting power of attorney coercion
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91% of advisers concerned about losing assets in Great Wealth Transfer
With over half saying they would expect to retain services for a minority of clients’ dependents
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IHT receipts reach £3.9bn
A £400m increase from the same period last year
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67% of women aged 41-55 believe they will never retire
As 41% of Brits say finances are impacting their mental wellbeing
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75% of advised Brits have higher quality of life, report reveals
With almost one in two saying their mental health benefitted from financial planning
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Rishi Sunak to reportedly scrap inheritance tax
As the Conservative Party looks to entice voters ahead of the general election
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Nearly 50% of Brits haven’t spoken to advisers about inheritance tax
With 60% not knowing how much money they could leave their loved ones before IHT is incurred
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Advisers missing out on benefits of intergenerational planning
As only 30% say they have discussions with clients’ children