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...
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