Investment - Articles - Will the pandemic lead to a rethink on financial priorities


Covid-19 has dramatically altered the financial and emotional landscape for many people in the UK, at least in the near term.

 Columbia Threadneedle Investments carried out a recent survey of 800 UK adults to investigate the level of financial resilience in the face of the pandemic. These results are attached.

 Our findings show the negative impact of the immediate financial shock but also reveal some reasons to be optimistic. While many regret their past financial decision-making, to what extent will current events lead to a re-think when it comes to how we navigate our financial future, including greater emphasis on individual financial planning and professional advice?

 Findings include:
 • Nearly half of all people feel that Covid-19 will leave their long-term wealth and well-being in a poorer state than would otherwise have been the case. This is particularly felt by those aged 35-64
 • 49% of people hold regrets about the way they had organised their finances before the crisis hit. Younger people are far more likely to regret their previous arrangements – as many as 72% among 18-24 years olds and falling to 19% among the 65+ group
 • Of those that invest, Covid-19 has shifted attitudes: 45% saying it has made them more risk averse, and conversely, 54% saying it presents new opportunities. A third said it made them keener to invest in carbon free stocks and 36% more inclined to favour cash savings. However, 36% say it has made them put more value in financial advice.

 

 Full Report on How COVID19 is Impacting UK Savers and Investors

Back to Index


Similar News to this Story

Hays Pension Scheme chooses EQ Paymaster
EQ Paymaster is pleased to announce that it has signed up to administer and service the Hays Pension Scheme (the “Scheme”) for a further six years. Th
AAM completes rebrand of Kames Capital
Aegon Asset Management is set to complete its rebrand of Kames Capital on 7 September 2020
John Lewis Trust for Pensions appoints new trustee chair
The John Lewis Partnership Trust for Pensions has appointed Sarah Bates as Chair of the Trustee from 1 August 2020 and replaces Dame Jane Newell, who

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.