'Why we're never more than two steps away from financial vulnerability'

'The truth is that vulnerability is a broad spectrum'

clock • 5 min read

Beth Yolland-Jones explains how, not only are we all susceptible to financial vulnerability, but we’re each considerably closer than we might imagine...

A short while ago, I was speaking with a neighbour about my work in the field of financial vulnerability. During that conversation, he expressed an opinion I've come across countless times before: that being vulnerable in such a way was something that happened to others. He had savings, a stable home life and a good job. It couldn't possibly happen to him. When I replied that we're all considerably closer than we might think to being vulnerable – specifically, that each of us is only ever two steps away – I think it would be fair to say that my neighbour was rather shocked. The truth ...

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 Regulation

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 08 April 2026 • 1 min read
Data-driven or anecdotal? Examining FCA Consumer Duty board reports

Data-driven or anecdotal? Examining FCA Consumer Duty board reports

'Data is not a by-product of systems; it is a core governance asset'

Chris Davies
clock 27 March 2026 • 6 min read
FCA 'consistently behind the curve' on British Steel – Complaints Commissioner

FCA 'consistently behind the curve' on British Steel – Complaints Commissioner

Regulator hits back at Complaints Commissioner’s final report

Jenna Brown
clock 26 March 2026 • 3 min read