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

Advice/guidance review may trigger regulatory framework overhaul

Advice/guidance review may trigger regulatory framework overhaul

The advice/guidance boundary review is centred on four key consumer harms

Sahar Nazir
clock 21 September 2023 • 1 min read
Firms 'too focused' on numbers rather than services

Firms 'too focused' on numbers rather than services

Industry experts gathered to discuss challenges posed by Consumer Duty

Sahar Nazir
clock 21 September 2023 • 2 min read
FE Fundinfo buys French firm to boost distribution channel

FE Fundinfo buys French firm to boost distribution channel

The firm acquires Adjuto to ‘further strengthen its reliable status’

Sahar Nazir
clock 20 September 2023 • 1 min read