Ecco il CEO che sta cercando di “migliorare la situazione patrimoniale di un’intera generazione”
Il CEO di Finimize, Carl Hazeley, parla di come l’aumento della prospettiva di vita e l’imminente passaggio generazionale della ricchezza renderanno probabilmente gli investimenti ancora più cruciali per i millennial.
ALTRE INFORMAZIONI : http://it.euronews.com/2025/04/14/ecco-il-ceo-che-sta-cercando-di-migliorare-la-situazione-patrimoniale-di-unintera-generazi
Abbonati, euronews è disponibile in 12 lingue.
Il CEO di Finimize, Carl Hazeley, parla di come l’aumento della prospettiva di vita e l’imminente passaggio generazionale della ricchezza renderanno probabilmente gli investimenti ancora più cruciali per i millennial.
ALTRE INFORMAZIONI : http://it.euronews.com/2025/04/14/ecco-il-ceo-che-sta-cercando-di-migliorare-la-situazione-patrimoniale-di-unintera-generazi
Abbonati, euronews è disponibile in 12 lingue.
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00:00We're all going to live much longer and have no money to fund that retirement.
00:04If someone's guaranteeing a return, they're either lying to you or breaking the law.
00:13Welcome to The Big Question, the series from Euronews,
00:16where we dive deep into some of the biggest topics on the business agenda.
00:20Today, I am joined by CEO of Finamise, Carl Haisley.
00:23So thank you very much for joining me today.
00:25So just to start us off, can you just tell me a little bit about what Finamise do
00:29and what are your main names?
00:31So Finamise is a financial news, insights and research platform
00:34that aims to give everyone the tools to become their own financial advisor.
00:39We do that through our world-class analysis
00:42and in so doing, we hope to increase the net worth of an entire generation.
00:48And do you think, you know, to kind of get the younger generation,
00:51so millennials and then even Gen Z, into investing,
00:53do you think we need a bit of a culture change?
00:55You know, there is often that perception that, you know,
00:57if you don't have much disposable income, investing isn't for you.
01:00Look, it was true 10, 15 years ago
01:02that you needed a certain amount of money to think about investing
01:04and that's just not the case anymore.
01:06I can't confidently say that it's as accessible as it needs to be for everyone.
01:11I think that's a moving target
01:12and it's a goal that the industry should aspire to.
01:17I think there are more misconceptions on the financial services side
01:20than there are about actual modern retail investors.
01:23I think there are two big mistakes that the industry is making overall.
01:28I think first is on the institutional side
01:30where institutions treat non-experts like idiots, frankly,
01:36by talking down to them,
01:38by assuming that a 19-year-old or a 23-year-old
01:43cannot possibly have more than a couple of pennies in savings
01:47and therefore couldn't possibly be right to consider for an investment product.
01:51The best indicator of how somebody is going to behave
01:56and what they need from a financial services provider
01:58or an investment provider is their action, their content consumption.
02:02So whether you're 19 or 95,
02:05if I know that you've been reading about mortgage rates,
02:08interest rates, how to build a nest egg, your emergency fund,
02:12that tells me more about what you're likely to do next
02:14than just your age, your marital status and so on.
02:18And the second big mistake is treating customers' users
02:21as the tool to make a margin.
02:24So what I mean by that is
02:25if you take financial services as a whole,
02:27we take medium-level complicated stuff
02:29around investing, money, etc.
02:31We simplify it so that we will understand what's going on.
02:34Then we make it really complicated,
02:35put it in front of people and say,
02:37pay us.
02:38And that's how you make a margin.
02:39And what's wild to me,
02:41and I think the big mistake that the industry is making is,
02:44you know, you don't go to the cinema
02:46without checking Rotten Tomatoes.
02:48You don't go to a restaurant or on holiday
02:49without checking TripAdvisor.
02:52Yet when it comes to money,
02:53this big, most important thing in your life,
02:55you're being expected to make decisions
02:57without access to either the way to make those decisions
03:01or the way to learn more.
03:03And I think that's where a lot of people are going.
03:09Why should someone who maybe doesn't have
03:13that much excess cash to invest,
03:15but what potential does it have to grow
03:18versus just, you know, sticking it in the bank?
03:20It's often a tricky pitch
03:21because to warn somebody about some future state,
03:26which is so far away,
03:27it doesn't feel urgent.
03:28But the fact of the matter is,
03:30if you stick your money in a bank account
03:32that earns a couple of percent of interest,
03:34inflation will eat away at that over time.
03:36If inflation is at 2% for 30 years,
03:39€1,000 is worth €500.
03:41If inflation is at 10% for seven years,
03:44that €1,000 goes to €500.
03:47Investing broadly helps shield you from that impact.
03:51It will grow your money at least in line with inflation,
03:53hopefully more.
03:55Over the very long run,
03:57it has historically outperformed inflation by a long chalk.
04:02and what that means is
04:04when you get to the later stages in life,
04:06you have a nest egg to retire with.
04:09When we think about preparing for the future,
04:11and, you know, I guess retirement
04:12is becoming increasingly far in the future.
04:14Yes.
04:15But, you know,
04:16how much do we really need to be planning for that now
04:17with our investments?
04:18So the short answer is
04:20we absolutely need to plan for it now.
04:22It's not a case of being able to rely
04:24or not being able to rely on a government.
04:26It's just the simple fact
04:27that inflation is ever-present
04:31at whatever level it is.
04:32And, you know,
04:33the future is so far away
04:34that government plans may change,
04:37have changed,
04:38will continue to change.
04:39Yeah.
04:40So it's not a reliability issue,
04:41it's a forecasting issue.
04:43And the one thing you can control
04:44is what you do today.
04:46And I guess the bigger picture here
04:48is that the responsibility
04:50for making sure you've got enough
04:52when you stop working
04:53has never been more pressing on people.
04:56and, again,
04:58just looking at the big picture stats here,
05:01there's a generation of people,
05:02millennials and downwards,
05:04who are sleepwalking toward a retirement
05:06where, with rising life expectancies,
05:10approved medications,
05:11Ozempic, you name it,
05:13we're all going to live much longer
05:14and have no money to fund that retirement,
05:17which is a terrifying state of affairs.
05:19Yeah.
05:20And that's why it's never been more important
05:22to take advantage of accessibility,
05:24education,
05:25for modern retail investors
05:26to invest, frankly.
05:28So for someone who maybe
05:30wants to think about,
05:31you know,
05:31creating a better financial future
05:33for themselves,
05:33but feels completely clueless
05:35on where to start,
05:36what would you advise?
05:37Find a source,
05:39newsletter,
05:40a website,
05:41podcast,
05:42all of the above,
05:43and spend five,
05:45ten minutes each day
05:46just building your awareness.
05:49You'll find, eventually,
05:51that you can join the dots
05:53between an event
05:54and a response.
05:57Central Bank has said something,
05:58what does that mean for me?
06:00Tesco has reported record profits,
06:02what does that mean for the price of groceries?
06:04And from there,
06:05you start to realise
06:06how much you don't know.
06:07It's a bit like learning a language.
06:08A little bit every day,
06:09you start to feel more confident,
06:10you start to feel more able to engage.
06:11Is there any scams
06:13that people should watch out for?
06:14If someone's guaranteeing a return,
06:16and guaranteeing that something's going to go up,
06:18they're either lying to you
06:19or breaking the law.
06:20Either way,
06:21steer clear,
06:22because predictions are hard,
06:24especially about the future,
06:26and with the best will in the world,
06:28with the best research in the world,
06:30no real investor can guarantee anything.
06:33And so,
06:34that's the big red flag,
06:35I would say.
06:36Do you think
06:36there is a responsibility there
06:38for us to really think about
06:39where we invest our money?
06:40Like, should we make sure
06:41that we are doing good
06:42with our investments?
06:43Thematic investing
06:44is particularly popular among millennials,
06:47whether that is climate-focused
06:49or trend-focused.
06:51I think there's a really strong argument for it.
06:54I try not to be the arbiter
06:56of how people invest.
06:58I would rather you invest in a way
07:00that I absolutely loathe,
07:02than you don't invest at all.
07:03Okay.
07:04And that's for the reasons
07:05we've discussed around
07:05it just being necessary for everybody.
07:07But if I look at our data,
07:09so we survey our members quarterly,
07:13and a significant proportion have said,
07:16I will not invest in something
07:17if it doesn't align with my values,
07:18so 30%, 40%.
07:20A similar number have said
07:21they would forego a return
07:24on their investments
07:25if the return was helping people,
07:28planet, environment, and so on.
07:30And at the same time,
07:32about half of people
07:34just last quarter have said,
07:36actually, I'm paring back
07:38my ESG-focused investments,
07:41which is probably a nod
07:42to what's happening politically
07:44at the moment.
07:44Yeah.
07:45Well, on that note,
07:46thank you so much for your time today,
07:47and thank you for joining me
07:48on The Big Question.
07:49Thank you so much.
07:49Thank you.