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

clock • 3 min read

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?