Advisers know how to address clients’ financial concerns, but when anxiety is connected to mental health and money matters financial planners may find themselves struggling.
Recent statistics gathered by the Office for National Statistics (ONS) showed that around 43% of UK adults are struggling to pay their bills. With energy costs up to doubling in price, many more people are being plunged into insecure living circumstances, the affects of which can have a strong impact on people's mental health. Clients may feel fearful and uncertain about life in general, come across as uncharacteristically helpless, indifferent or unable to think clearly and make sound decisions. According to the Financial Conduct Authority (FCA), there are almost 28 million financial...
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