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Shining a spotlight on the Great Wealth Transfer
Estimates suggest that over the next thirty years, a record £5.5 trillion is predicted to be transferred between ‘baby boomers’ (the generation of individuals born roughly between 1946 – 1964) to ‘millennials’ (those born between 1981 – 1996), as either inheritance or gifts. Often dubbed as the ‘’Great Wealth Transfer’’, this trend is currently a key area of focus for those working in the wealth management sector around the world. With