Why wealth won't insulate against financial vulnerability

Financial vulnerability has never been a hotter topic. With Consumer Duty taking effect in just a matter of weeks, advisers will soon be required to demonstrate that they are identifying and supporting each and every client at risk of financial vulnerability. This raises a number of complex challenges. After all, most advisers lack the clinical background and expertise to recognise the subtle signs of vulnerability. A particularly significant hurdle, however, is that misconceptions abound about who, exactly, can be at risk. Specifically, many of the advisers we speak with at Comentis ...