Private wealth management 'should not rely on property'

Property has long been considered a strong investment choice for wealth management, but new research indicates this may be changing as a result of the recession.

More than three-quarters of individuals with private wealth believe a retirement fund based solely on property is ’too risky’, according to data published by Aviva.

Over half of Britons believe as a nation we are too concerned with buying a first property, reports the insurance group, while 22 per cent fear their children will prioritise joining the housing market over building up a pension.
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Property expert Sophie Allsopp described the economic crisis as a ’painful wake-up call’ that property prices are by no means guaranteed.

Socially responsible investment could be emerging as a viable alternative. The Ethical Investment Research Service lists over 100 green and ethical funds available to UK investors.

Up from a few dozen ten years ago, this significant increase reflects the growing importance of the sector for individuals concerned with wealth management.ADNFCR-2318-ID-19831931-ADNFCR