Altus launches vulnerable client self-assessment tool

In response to FCA consultation

Sophie King
clock • 2 min read

Financial services software provider Altus has developed a tool to help firms assess their capability in identifying and managing vulnerable customers.

In July, the Financial Conduct Authority (FCA) published guidance for businesses on how to treat vulnerable customers better. The regulator said it wanted to see firms doing the right thing for vulnerable consumers and the principle should be embedded in their business culture. The 41-page document looked at understanding the needs of vulnerable customers, skills and capability of staff as well as product and service design. In response to the guidance, Altus has created the Vulnerable Customer Self-Assessment tool to help firms gauge their own vulnerable client capabilities. Al...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read