DP19/2: Intergenerational differences

Open discussion: DP19/2
Discussion closes

We are launching a discussion with industry, consumers and their representatives, regulators and academics to understand the changing financial needs across generations for UK financial services markets.

Intergenerational differences

Watch a video of our conference held at The Royal College of Physicians discussing issues on the intergenerational financial challenge.


Read DP19/2 (PDF)

To ensure financial markets work well, we need to understand how socio-economic changes impact both markets and individuals.

We want to publicly outline our understanding of the issues different generations face, bring together stakeholders to pin point issues that need a response and identify specific action we can take to help the market meet these changing consumer needs.

This Discussion Paper presents data, demographic and socio-economic trends to look at the financial needs of 3 generations of consumers – Baby Boomers, Generation X and Millennials.

Who this applies to

This paper is relevant to FCA-regulated firms, particularly banks, insurers, mortgage lenders, and consumer credit and pension providers. It may be of interest to a wider range of stakeholders, including industry groups or trade bodies, policy-makers and regulatory bodies, consumers, charities and civil society groups, industry experts, academics and think tanks.

Next steps

This consultation has now closed.