Investments  

What you need to consider when advising older clients

  • List how family finances have changed over the past few decades.
  • Describe why clients are having to manage their money for longer.
  • Identify what advisers need to differently to advise clients over 50.
CPD
Approx.30min

By

John Somerville is a relationship director at The London Institute of Banking & Finance

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CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Thirty to 40 years ago, parents were concerned with helping their children save for what?

  2. Of the changes to family finances in the past 25 years, the author says what about financial confidence and knowledge?

  3. With healthy life expectancy having improved, the author estimates clients will have how many years of living in poor health?

  4. According to research, more than 70 per cent are not taking financial advice and regard themselves as three things. Which is not one of the three?

  5. The author makes the following statement: "More people working longer improves tax revenues and reduces the impact on state support." True or false?

  6. Among the top areas for consideration when advising the over 50s, the author says to be comfortable with all the what?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • List how family finances have changed over the past few decades.
  • Describe why clients are having to manage their money for longer.
  • Identify what advisers need to differently to advise clients over 50.

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