FCA will have 'a lot more to say' on vulnerability in 2025

Treatment of vulnerable clients continues to be on regulator’s radar

Isabel Baxter
clock • 2 min read

Treatment of vulnerable clients is something that is going to continue to be on the regulator’s radar this year, delegates heard.

Speaking at the Schroders' Adviser Forum today (22 January), Boring Money CEO and founder Holly Mackay said that client vulnerability is something that the Financial Conduct Authority (FCA) will have "a lot more to say on" in 2025. "We tend to jump to conclusions when it comes to vulnerable clients," she said. "A lot of characteristics are among people who we may look at and not assume are vulnerable." Mackay said that the financial advice industry can "underestimate" vulnerability and the characteristics which constitute a vulnerable client. Mackay cited that 22 in 100 advised cli...

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 and FOS joint statement: Targeted support complaints are 'different'

FCA and FOS joint statement: Targeted support complaints are 'different'

Targeted support is a one-off service and does not involve ongoing suitability assessments

Jenna Brown
clock 11 December 2025 • 2 min read
The confidence gap: Why isn't wealth translating into investment

The confidence gap: Why isn't wealth translating into investment

'We can all help turn uncertainty into confidence, and savers into stakeholders'

Jo Kite
clock 11 December 2025 • 3 min read
Advice for all: Why targeted support is a once-in-a-generation opportunity

Advice for all: Why targeted support is a once-in-a-generation opportunity

'Mind the gap, and turn targeted support into enduring financial confidence'

Martin Taylor
clock 10 December 2025 • 4 min read