Alarm bells not jingle bells for vulnerable clients

'We're facing pressure on household finances not seen for a generation'

clock • 5 min read

While many advised clients will have the financial bandwidth to ride out economic difficulties others will be worried about how they will cope over the next 12 months, writes Nick Eatock. Here he explains how technology can help...

With rising inflation, warnings of a prolonged period of recession, soaring food costs and the largest rise in interest rates since 1989, it seems likely that the number of financial advice clients struggling to make ends meet is set to rise. According to recent Office for National Statistics figures, 76% of people have seen their cost of living increase over the last month, up from 62% a year ago, with most blaming the price of food (95%), followed by gas and electricity bills (68%). Mortgage costs too are on the rise, with UK Finance estimating that average payments for tracker mortgag...

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