Britons 'rival US' on legacy giving

Research showing that Britons neglect charities in their wills is misleading, a legacy specialist has claimed.

Smee & Ford said research from insurance company Axa, which reveals only 8 per cent of Britons of working age intend to leave a legacy to good causes (Third Sector, 20 April), looks only at 'intenders', not those who actually make a legacy gift.

"Intenders are notoriously unreliable when it comes to what they actually do," said Richard Radcliffe, Smee & Ford chairman. "We know that 75 per cent of them change their mind."

The organisation's own research shows that 5 per cent of Britons leave a legacy in their will and make an average gift of £20,000, which is identical to the average for American people.

Radcliffe said that Holland had the fastest growing will-making population in Europe, with a 32 per cent increase each year - legacy making is also increasing rapidly there. Most legacies in Spain and Italy go to the Catholic Church and a few leading charities, while in France, which came sixth in the Axa research, legacy giving is almost unknown.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Guide: What insurance does your charity need?

Guide: What insurance does your charity need?

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now