I’m often asked ‘Will I have enough money to retire? How much do most people have?’ The rather predictable answer is that everyone’s different. Big earners with big houses are often mortgaged and credit-carded to the hilt. And some of our biggest clients would seem, from the outside, not to have to ha’pennies (kids etc.) to rub together. The former will always assume that income and resources can be expanded to meet spending. The latter will alway worry and avoid spending, however many cruises we tell them they could take, hospital waiting lists they could jump or offsprings’ mortgages they could pay. And it will ever be, and has ever been thus.
“Worry for profession as young adviser numbers plummet”
There are around 31,000 advisers currently authorised by the FCA to give advice. Of these only around 6% are under 30 and 84% of all advisers are male. There are 209,000 solicitors, 7,000 young ones enter the profession each year and 52% of all solicitors are now female.
