The Financial Future Consumer Attitudes Towards Financial Planning and Themes for 2018
Foreword Over the last decade, there has been plenty of negative publicity about the economy, and that makes it easy to believe that there are many things, like a comfortable retirement, that are no longer affordable. However, Fairstoneâ€™s research shows that the hard work that millions of Britons have done over their working lives has paid off - people between the ages of 50 and 70 are sitting on a trillion pounds of liquid assets. Younger generations have more access to work-based pensions than ever before. The question is, will all this activity translate into a better standard of living for older people? If families donâ€™t have a financial plan, they will end up missing opportunities to turn their wealth into a stable, secure income that can see them through retirement in comfort. So we have a job to do to persuade people of the benefits of making a plan and getting help with managing their finances, and we have to do this at a time when public trust is in short supply in any walk of life. This paper takes a big step towards achieving this - making a clear, evidence-based case for the benefits of advice and listening carefully to what consumers are telling us about the barriers they face when planning for the future. In this way, itâ€™s a blueprint for better news in the years ahead. Dr Matthew Connell Director, Policy and Public Relations Chartered Insurance Institute (CII)
Chartered Insurance Institute Standards. Professionalism. Trust.
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Consumer Attitudes Towards Financial Planning and Themes for 2018.