Legacy beats big returns
Brits are more worried about leaving cash to their kids than making big bucks on the markets, new research shows.
A study by BRI Wealth Management found pre-retirees now rank passing on wealth as their top concern. Back in 2023, just 31% cared most about legacy – now it’s 52%.
At the same time, the number sweating over investment returns has tumbled from 58% to 45%.
Care costs biggest fear
For pensioners, the top money worry is the cost of later-life care. More than half (55%) say paying for help in old age is their biggest concern this year – ahead of lifestyle or investment performance.
With care fees rising and families fearing they’ll eat into savings, it’s no surprise older Brits are bracing for tough choices.
Tax man in the frame
Business owners are also shifting focus. Nearly three in four (73%) say their top priority is getting cash out tax-efficiently – up from 53% just two years ago.
Wider economic pressures remain a big headache too, with 55% highlighting the squeeze from inflation and interest rates.
Security for loved ones
Among those not yet retired, protecting loved ones has shot up the worry list. Concern over family security if something happens to them has leapt from 25% to 39% in two years.
Expert view
Dan Boardman-Weston, boss of BRI Wealth Management, said: “While market performance will always matter, families are increasingly focused on protecting wealth, supporting the next generation, and preparing for the realities of ageing.”
BRI, which has seen record inflows this year, says it’s clear Brits now want full-on planning that covers inheritance, pensions and tax – not just stock market returns.
