The younger generation has high levels of confidence when investing, but more of their investments were based on unregulated information that was often obtained through social media, found research from the PIMFA’s Under 40 Leadership Committee.
The committee, made up of 20 representatives from the trade association's member firms, has spent the last eight months creating primary research with market research company Savanta to investigate changing attitudes to investing across the generations and ways in which the wealth industry can adapt to young investors. The research suggested two-in-five (40%) investors aged 18 to 25 held investments in new and highly volatile assets, such as cryptocurrencies. This was in contrast to older investors in the UK who tended to invest in more traditionally recognised investments with 43% of in...
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