Investors more confident about financial knowledge than financial future, study finds

"General lack of engagement" in pension planning also identified

clock • 2 min read

Young investors are more confident in their knowledge of investments than their older counterparts, according to research by Schroders.

The firm's 2016 Global Investor Study identified that more than two-thirds (68%) of the so-called ‘millennial' generation - those aged 18 to 35 - reckon they have a greater understanding of investments than the average investor. In contrast, the survey - which canvassed the views of 20,000 investors around the world, including 1,000 in the UK - found fewer than half of investors aged 35 or above think they have a greater than average understanding of investments. Despite their confidence, however, almost all (92%) of the millennials surveyed said they would like to improve their under...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read