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Home/News/Teachers Pension/Under 35s begin to prepare for life’s milestones

Under 35s begin to prepare for life’s milestones

29/05/2019 Racheal Smith

Scottish Widow report that one in four people under the age of 35 would like real-life scenario financial advice.  With the burden of a mortgage, the pressures of children, and the niggling thought that you should prepare for retirement, it is not surprising.  Millennials would like help planning for events such as marriage, the birth of a child, as well as the possibility of divorce.

The same Scottish Widow research claims that only half of 203 financial advisors polled offered financial advice to those at this stage in life.  27% plan to guide those preparing for milestones in the future.

Advisors may need to do some preparations, as a significant proportion of under 35s prefer communication via a chatbot or social media initially (Scottish Widows), rather than committing to a 1 to 1 consultation.

The landscape of financial advice is changing dramatically.  As a result, independent financial advisors have to adapt.  People need support through milestones and are looking for valuable help from an expert.

The content in this article was correct on 19th May 2019. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on milestone moments for teachers and non-teachers. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.

Posted under: Teachers Pension

Tagged in: Financial Advice, Teachers Pension Scheme



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