Gen Z is investing - but in these risky areas instead of building security in pensions

Almost 780,000 Gen Z investors have entered the market in the past two years, but many are starting with cryptocurrencies rather than diversified funds or pensions.

Vanguard estimates that more than a third (37 per cent) of Gen Z investors began investing during this period, compared with 11 per cent overall. One in three chose cryptocurrency as their first investment, ahead of individual company shares or investment funds.