Identifying financial coercion is part of Consumer Duty – PIMFA

PIMFA head of regulatory policy and compliance Alexandra Roberts and Eversheds Sutherland partner Gareth Vowles discussed how advisers can spot financial coercion and the steps they can take after identifying it during a session at the PIMFA Women's Symposium on 20 May. A survey by the charity Surviving Economic Abuse found 4 million women in the UK, equivalent to 15%, have been subjected to economic coercion over the past 12 months. Of these women, 42% did not tell their family or friends about the coercion. Additionally, Roberts said statistics from the Office of Public Guardian sho...