Katie de Swarte looks at the impact of a dementia diagnosis and shares her insight on how to advise affected clients...
About 900,000 of us are living with dementia according to the Alzheimer's Society, with that figure expected to rise to 1.6 million by 2040. The progressive nature of the disease means that a person can still be considered to have the capacity to manage their own affairs until long after a diagnosis has been received. Advising clients in such situations can be complex and the Financial Conduct Authority's (FCA) new Consumer Duty explicitly requires advisers to provide additional care to ensure they meet the needs of vulnerable people. Many firms will already have their own detailed po...
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