Financial advisers have been urged to play a more active role in discussing philanthropy with their high-net-worth clients, as Charities Aid Foundation’s (CAF) research reveals the UK’s wealthiest 1% donated £7.96bn to charitable causes in 2023.
According to its latest High Value Giving report, the UK's high-net-worth individuals (HNWIs) give the equivalent of just 0.4% of their combined £2tn investable assets to charitable causes. By contrast, the wider UK public donated an estimated £13.9bn in the same year—representing 1.6% of their income. The report also underscores the role financial advisers could play in facilitating greater philanthropic engagement. Previous CAF research found that only 5% of advisers feel very confident in discussing philanthropy with their clients. However, demand for such conversations is evident: ne...
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