According to a new report by Moneyfarm.com, nearly a third of Britons under the age of 30 in a long-term relationship want nothing to do with them. Some said the concept felt outdated, while others said they worried they were a sexist tool to control women’s spending. David Quinn, MD Investwise described the issue as “very topical” given how banking has changed in recent year. “With the likes of Revolut, these online banks are so easy to use,” he explained. “It makes transferring between accounts so much easier, so people’s bank accounts have gotten more fragmented than they used to be. Mr Quinn added that many couples will not open a joint account because they simply have no interest in taking on the admin it involves. “They just carry on as they were,” he said. “They continue with that account and if they’re somewhat organised, they’ll agree a transfer into the new joint account.” Whether or not a couple has a joint account, Mr Quinn said the real issue is how they how they decide to spend the money they earn. “If one person is earning significantly more than the other, they’ll split the bills pro rata – it all gets very complicated,” he said. Personally, Mr Quinn recommends a joint account but said whatever couples decide to do, openness is key.