Financial firms urged to protect UK's 24m financially vulnerable

Almost half of the UK's working population are financially vulnerable according to the UK's regulatory body The Financial Conduct Authority. The FCA has announced that it would like to see more action taken from financial services firms to protect individuals that display one or more potential characteristics of vulnerability - which include physical and mental health issues, recent life events such as bereavement, capability and financial resilience. Over a million people received debt advice last year and point that the FCA says firms need do more to ensure that vulnerable consumers...