FCA opens debate on intergenerational finance: how industry and regulators should respond to demographic change
Regulatory Updates | 02/05/19
The Financial Conduct Authority (FCA) has published a discussion paper on Intergenerational Differences, exploring the changing financial needs of consumers from different age groups. The paper includes analysis of the ONS Wealth and Assets Survey, looking at how wealth levels of people of the same age changed between 2006/08 and 2014/16. For an individual aged 40 to 50, total wealth was less than that compared to individuals of the same age 10 years earlier. This contrasted with individuals around retirement age – an individual aged 60 to 70 had significantly more in real terms.