Jenny Cadman: Advisers going above and beyond for vulnerable clients

Good works

clock • 4 min read

Jenny Cadman reflects on the sterling work advisers are doing for vulnerable clients and highlights their "energy and innovation" when dealing with difficult cases

"I recently helped a customer who felt like they had nowhere to turn." That phrase will likely ring a bell with many financial advisers who have been approached to help someone whose circumstances have taken a turn for the worse. Financial services firms are under increasing scrutiny from the Financial Conduct Authority to ensure vulnerable customers are identified and given the support to ensure they are not disadvantaged. With such large numbers involved - nearly 28 million people display characteristics of vulnerability, according to the regulator - it can be easy to lose sight o...

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 Your profession

Advisers seeing clients 'stretch finances' to afford private school

Advisers seeing clients 'stretch finances' to afford private school

Parents ‘stretching finances’ to finance private education

Sahar Nazir
clock 16 April 2024 • 1 min read
FCA's Howard: Firms' culture must change to attract female talent

FCA's Howard: Firms' culture must change to attract female talent

‘We need a different and better mix of advisers and advice’

Jenna Brown
clock 16 April 2024 • 4 min read
Trade bodies should sponsor new talent initiatives, industry says

Trade bodies should sponsor new talent initiatives, industry says

‘Trade bodies and FCA are both funded by us so should be giving back more’

Isabel Baxter
clock 15 April 2024 • 1 min read