'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

FCA's Hulme pledges tougher scrutiny and clearer guidance

FCA's Hulme pledges tougher scrutiny and clearer guidance

‘We will go harder and faster’ to drive ‘good growth’

Sahar Nazir
clock 07 May 2025 • 3 min read
FSCS declares IFA Ltd and AXG Advice in default

FSCS declares IFA Ltd and AXG Advice in default

Leeds and London advice firms face claims

Isabel Baxter
clock 06 May 2025 • 2 min read
FOS complaints rise 49% as investment disputes surge

FOS complaints rise 49% as investment disputes surge

Over 140,000 cases were lodged in H2 2024

Sahar Nazir
clock 06 May 2025 • 2 min read