More than 350 financial advisers have signed up to adopting the financial vulnerability taskforce charter and consumer guide in the first two weeks since its launch.
Launched by the Personal Finance Society (PFS) on 18 January, the taskforce aims to help "better recognise and address the various forms of consumer vulnerability". It will promote a greater understanding of clients who find themselves in vulnerable situations, while encouraging appropriate behaviour through good practice. The taskforce will also address regulatory standards and public expectations. Mazars Financial Planning financial planner Laura Thursfield, who has committed to the taskforce, said: "A sense of financial security is integral to an individual's wellbeing. "As a pr...
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