Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms also reported that 22% of their clients were 'very' vulnerable, according to three years' of data crunched by MorganAsh. In contrast, mortgage firms reported that 36% of their customers were vulnerable and 13% very vulnerable. The contrast is linked to differences in customer age profiles across the two sectors, according to MorganAsh. As for the insurance industry, 48% of customers were recorded to be in vulnerable circumstances. MorganAsh noted the customer base for this sector more closely reflects the general population. Andrew Gething, managing director, Morgan...