Financial vulnerability to rise amid spike in divorce rate

Taskforce launches practitioners guide for financial advisers

Julia Bahr
clock • 2 min read

There is an increasing need for financial advice to address a large range of vulnerable circumstances emerging from the impact of divorce, according to the Financial Vulnerability Taskforce (FVT).

In a specialist good practice guide - published yesterday (27 October) - the taskforce has focused on immediate and future vulnerable circumstances and incorporated the Financial Conduct Authority's expectations under Consumer Duty. Experts from both the financial advice sector and the legal profession have contributed to the guide, according to FVT chair Keith Richards. FVT founding board member and author of the guide Tony Miles said: "Parties going through the difficult matter of a divorce should benefit accordingly, and increasingly see the advisory profession as a safe pair of ha...

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.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Working Lunches: Check out our event agenda for 2023

PA Working Lunches: Check out our event agenda for 2023

Join us for a variety of informative sessions worth one hour of CPD

Professional Adviser
clock 08 February 2023 • 1 min read
PE-backed Solomon takes majority stake in Kent-based IFA

PE-backed Solomon takes majority stake in Kent-based IFA

Signs partnership deal with Beaufort Financial Westerham

Jenna Brown
clock 07 February 2023 • 1 min read
PA Awards 2023: Provider category shortlists revealed!

PA Awards 2023: Provider category shortlists revealed!

The industry’s best in technology, risk-profiling, client engagement and more

Professional Adviser
clock 06 February 2023 • 2 min read