Just 36% of HNWs discuss wealth plans with their partner
Clients need to be ‘open and honest with their family’ in order to ‘make most of tax breaks available’
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Clients need to be ‘open and honest with their family’ in order to ‘make most of tax breaks available’
‘Ability of the adviser to address and tackle the core issues of vulnerable clients and family disputes will be vital’
One of the ‘worst situations’ is where clients are ‘vulnerable, bereaved and have no Will’
It had been tasked with assessing family investment companies
Firms are ‘considering new ways to structure retirement portfolios’ to improve outcomes
‘Children quite often want to do things differently from their parents to forge their own path’
Which could undermine growth and prospects for sale
Pandemic has sparked Brits to focus more on portfolios, wealth transfer and estate planning
63% believe that the millennial generation is not as committed
Different legal systems around the world will impose own rules on how estate can be distributed on death
Advisers will have to adapt their offering to deal with the ‘physical and emotional changes’
As £327bn expected to be passed down by Britain’s wealthy in next decade