Benchmark Capital has announced a partnership with amicable to support financial advisers in helping families navigate sensitive, finance-related conversations.
amicable is a legal service that helps couples to separate, divorce and co-parent “in a better and kinder way”.
Benchmark has worked in tandem with amicable to develop a series of bespoke modules to help advisers with difficult family conversations about money.
It said this has become more vital since the chancellor announced in the Autumn Budget that unused pensions will be subject to inheritance tax from April 2027.
Benchmark added: “This has created a greater need for advisers to guide families through sensitive financial topics, such as wealth transfer, often much earlier than otherwise planned and sits alongside technical training support for advisers on the IHT changes.”
In Schroder’s recent UK financial adviser survey, 92% of advisers said that the IHT change had prompted these conversations.
They added these can be “challenging for both those wanting to give, and the inheritors of wealth who may have never discussed finances with their family before”.
The partnership focuses on communication frameworks for emotionally charged conversations.
Benchmark CEO Ed Dymott said: “We are committed to equipping advisers with valuable, practical insights that help them build stronger businesses.
“Wealth transfer can pose significant challenges for advice firms, so by offering both technical expertise and essential ‘soft skills’ support, we ensure advisers are well prepared to navigate these complexities.
“We’re proud to partner with amicable to offer comprehensive support for advisers in navigating IHT discussions.
“This partnership highlights our commitment to providing advisers with additional support – in addition to technology and compliance – to help them achieve their goals and grow their business.”
amicable co-founder Kate Daly added: “Giving advisers the tools to understand what clients are going through emotionally, and their very real feelings tied to money and decision-making, can really help them guide families to better outcomes.
“It’s not just about the numbers, it’s about supporting people through often very difficult, highly charged conversations.
“It’s been fantastic to work with Benchmark on this partnership and share insights with their advisers that are both highly practical and immediately applicable to their business.”
Schroders is the parent company of Benchmark.
