Armchair Critic: Why we should be addressing the 3 Capital Model

Person-centric services

clock • 6 min read

Given people care about money, why don't they care as much about financial services? Asks our Armchair Critic Brendan Llewellyn. Here, he explains why focusing on a '3 Capital model' could revolutionise the way people and financial services interact

The main reason there is a lack of engagement with the public is that we as an industry do not, in general, engage with the whole money picture as seen by consumers. Their money has three main parts - their income, their spending and their saving. The last bit is the smallest bit, yet that is the only bit we address. So, if we addressed their income and their expenditure we would stand a better chance of engaging with more consumers on their terms. So, firstly, their income. We should - whether we are financial services providers, advisers or platforms - offer what people need on income....

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 Your profession

London pushed out of top five wealthiest cities as millionaires exit

London pushed out of top five wealthiest cities as millionaires exit

Comes as Labour cracks down on non-doms

Sahar Nazir
clock 09 April 2025 • 1 min read
BoE governor assures chancellor that UK markets 'are functioning effectively'

BoE governor assures chancellor that UK markets 'are functioning effectively'

Banking system 'resilient'

Linus Uhlig
clock 09 April 2025 • 2 min read
Gilt yields increase as part of sell-off of government debt

Gilt yields increase as part of sell-off of government debt

Investor unloading of US Treasuries drags government borrowing costs higher globally

Jonathan Stapleton
clock 09 April 2025 • 1 min read