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THE INVESTOR
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09
IN YOUR INTEREST
INTERGENERATIONAL FINANCE
By Edward Russell-Walling
the
generation
game
Prudent financial planning should cater to the needs of all
the members of a family, from the youngest to the oldest
W
hen the Queen
turned 90 on 21
April, she served
as a very public
reminder of how
much longer, as a society, we are living.
In her own family, four generations are
now all alive at the same time, from the
Queen herself down to her latest great-
grandchild, Princess
Charlotte.Anincreasing number of families now find
themselves in the same position, which
has implications for financial planning.
As a nonagenarian, Her Majesty is far
from alone.The number of people over
90 years old rose by a third between 2002
and 2012, according to a report published
by the Office for National Statistics in
2015
1
. It also says that the number of
over-85s in the UK is likely to more than