It is getting to the point where not a day goes by without succession making the headlines somewhere around the world.  This simply goes to prove the point - succession is a challenge the world over and one that families often struggle to come to grips with.

Often, the 'elephant in the room,' that nobody wants to talk about, it needs to be discussed.  Strategically, there are obvious issues in terms of the family wealth being tied up in a business with no future leader identified and groomed, and future challenges could also jeopardise the actual value and sustainability of the business in the long term.

Research such as this goes a long way to highlight the issues at hand and it is great to see more advisers recognising the people and emotional aspect of succession on the family and the business, and therefore the family business journey, and being on hand to help too.