It’s generally true that younger clients are happier to take more risk, young, to us sadly, being 50 or under! This is particularly the case with pensions, which can’t, anyway, be touched for 10 years or so. Thing is, there’s ‘risk’ and ‘are you serious?’ The former, for us, is having more than half, or all of your investment, in shares. The latter, bitcoin, unbuilt properties somewhere foreign and shares in the next big thing you heard about on Instagram (the current platform of choice for scammers, apparently). That might once have read ‘you heard about down the pub’. But those days, alas, have gone.
“Advisers fearful of further compliance and regulation”
We know, of course we know, that regulation is, or at least should be a ‘good thing’. If those who need or should seek advice can be confident that they’ll be told the right thing, that someone has looked at those ’too good to be true’ investments before they’re allowed to take your money; or, in the case of a Woodford, while they’re raking it in to make sure it’s going where it’s supposed to.
