Next steps for advisers in intergenerational wealth transfer: Axis

Published 30 April 2024

It is now well understood that within five years, all Baby Boomers will be eligible for retirement and the Baby Boomer ‘bubble’ will have all but deflated out of the workforce by 2028. This significant demographic shift will have profound consequences for the financial industry and advisers.

An updated paper from AUSIEX, On the Precipice of Change: Preparing for the Intergenerational Wealth Transfer, provides a detailed analysis of the potential impact on the industry and suggests responses that may be required.

A Productivity Commission paper released in 2021, noted that inherited assets currently total about A$120 billion per year in Australia, and this figure is expected to grow to almost A$500 billion per year over the next 25 years.

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