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Financial Wellbeing -

Healthy, wealthy, and wise: An essential read for even our commercial banking clients

Behind every business are individuals navigating their personal financial journey. At Arbuthnot Latham, we understand that our commercial clients are more than just businesses – they are individuals with unique financial needs, aspirations, and challenges.

Our latest report into the nation's financial health and attitude towards money is essential reading for all, including our commercial clients. In partnership with Atomik Research, the report sheds light on the intricate relationship individuals have with money. It uncovers a landscape where worries about financial security, retirement planning, and the need for professional advice are universal, regardless of wealth or age.

 

Here is a glimpse into key findings from the report:

  • Universal concerns: Notably, 81% of respondents reported feeling regularly stressed or worried about their finances.
     
  • The need for professional guidance: Despite the prevalence of digital tools, the report reveals a strong desire for personalised financial advice, especially during significant life events. Surprisingly, 41% of respondents are uncertain about seeking advice from their financial providers during such times.
     
  • Planning for retirement: With planning for life after work a common concern, insights from the report show that individuals, regardless of wealth, have uncertainties about their pension savings. While 83% believe their pension pot is adequate, only 61% know how much they have saved so far, indicating a need for greater clarity and guidance in retirement planning.
     
  • Inheritance and succession planning: Conversations about passing down wealth are often avoided, yet crucial for financial planning. Surprisingly, only 14% of respondents regularly discuss money and inheritance with their children or grandchildren.
     
  • Vigilance against financial fraud: Financial fraud remains a significant concern, with 52% of respondents worried about becoming victims. Despite awareness campaigns, 51% of high-net-worth individuals reported not worrying about fraud, emphasising the need for continued education and vigilance.

“We know personal and business finances are often intertwined, that is why this report is a must-read for our commercial clients. Take a look and share it with your loved ones.”

Chris Dyer, Senior Commercial Banker

Explore the full report and gain deeper insights into the financial landscape affecting individuals across the UK.

 


Helping you go further

The good news is that where there are concerns or problems, there are also solutions. We work with our clients to create a long-term financial plan, designed around their specific needs. Our aim is to support and empower them to take ownership of their financial wellbeing.

Read the report    Visit our Financial Wellbeing hub

Take control of your financial wellbeing

Our research has shown that wealth alone does not equal financial wellbeing. Knowing you have an expert to support your journey can give you peace of mind and ensure you are on track to meet your financial goals.

Speak to us to today by completing our enquiry form or calling us on the number below.

+44 (0)20 7012 2500

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