FCA will have 'a lot more to say' on vulnerability in 2025

Treatment of vulnerable clients continues to be on regulator’s radar

Isabel Baxter
clock • 2 min read

Treatment of vulnerable clients is something that is going to continue to be on the regulator’s radar this year, delegates heard.

Speaking at the Schroders' Adviser Forum today (22 January), Boring Money CEO and founder Holly Mackay said that client vulnerability is something that the Financial Conduct Authority (FCA) will have "a lot more to say on" in 2025. "We tend to jump to conclusions when it comes to vulnerable clients," she said. "A lot of characteristics are among people who we may look at and not assume are vulnerable." Mackay said that the financial advice industry can "underestimate" vulnerability and the characteristics which constitute a vulnerable client. Mackay cited that 22 in 100 advised cli...

To continue reading this article...

Join Professional Adviser for free

  • 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 Regulation

Financial firms risk missing a golden opportunity in targeted support

Financial firms risk missing a golden opportunity in targeted support

'Targeted support’s success depends upon firm involvement'

Mark Glover
clock 24 February 2026 • 4 min read
Reality TV 'finfluencers' sentenced

Reality TV 'finfluencers' sentenced

Had combined Instagram following of 4.5 million

Jen Frost
clock 23 February 2026 • 2 min read
FCA CEO sets out shift in regulator's approach with 'less rules'

FCA CEO sets out shift in regulator's approach with 'less rules'

Consumer Duty ‘will do a lot of the work for us’

Isabel Baxter
clock 18 February 2026 • 2 min read