Vital as it is to demonstrate compliance with the regulations on protecting vulnerable clients, writes Gary Kershaw, the FCA's guidelines really formalise the warning signs advisers should be adept at reading
If you have read Ken Davy's thoughts on the FCA's recent paper, Ageing Population and Financial Services, you will be more than aware of the reasons why the elderly are the most recent group to be classified as ‘vulnerable', and I will not attempt to summarised Ken's thoughtful and comprehensive piece here. And, if you have read the regulator's paper yourself, you will understand just how serious are the problems our ageing population face - and the scale of societal and economic impact we could all see as a result. Most worryingly, the dual factors of people living longer and being abl...
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