Financial vulnerability surges to 27.7m during Covid-19 pandemic - FCA

Vulnerability shot up 15% in 2020

Jenna Brown
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 "These latest FCA figures lay bare the profound and harrowing impact coronavirus has had on people living, working and saving in the UK." - Tom Selby
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"These latest FCA figures lay bare the profound and harrowing impact coronavirus has had on people living, working and saving in the UK." - Tom Selby

The coronavirus pandemic has had a “profound and harrowing” impact on the financial resilience of people in the UK with 27.7 million now exhibiting characteristics of vulnerability, according to figures from the regulator.

The Financial Conduct Authority (FCA) Financial Lives Survey, conducted in February and October last year, revealed more than half the UK adult population suffered from poor health, low financial resilience...

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