Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
Firstly I don’t think that’s a problem in the UK anyway and secondly even if it was a problem if you have over 85 grand you can afford to pay someone to solve the problem for you.
85K Sounds like a huge amount of money. But really it is not life changing for anyone but the poorest in society.
Financial advice costs money, and no safe investment for 85k is going to return the cash to fund much good advice. Only the very young with that sort of cash are going to be looking for investment advice. Most people with that sort of money are middle income in their 50s. Having gained it from downsizing after children have left.
Firstly I don’t think that’s a problem in the UK anyway and secondly even if it was a problem if you have over 85 grand you can afford to pay someone to solve the problem for you.
It’s not really a big issue
85K Sounds like a huge amount of money. But really it is not life changing for anyone but the poorest in society.
Financial advice costs money, and no safe investment for 85k is going to return the cash to fund much good advice. Only the very young with that sort of cash are going to be looking for investment advice. Most people with that sort of money are middle income in their 50s. Having gained it from downsizing after children have left.
Okay so I’ve just asked someone who actually knows, and apparently that’s not how it works in the UK anyway, it’s per Bank, not per owner.
Anyway I don’t think banks have consolidated all that much in the UK. There is HSBC and then basically everyone else is separate.