Consumer Duty rules define 5.6 million as 'vulnerable investors'

It said the 5.6 million vulnerable investors fell into the classification because of factors such as health, life events, financial resilience and or capability, including knowledge or confidence. Boring Money said when focusing on confidence alone, a "significant" 27% of all investors said that their confidence about investing is rated two or lower out of ten. It also said when asked about physical, emotional and financial vulnerability, a fifth of investors self-classified as vulnerable. It said these vulnerable customers are more likely to be young, female and less well-off. The...