Image:
"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...
To continue reading this article...
Join Professional Adviser
- 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.
