'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

Vulnerable clients: FCA vows to take action on persistent poor outcomes

Vulnerable clients: FCA vows to take action on persistent poor outcomes

Could be soft intervention or the ‘more pointy end’, regulator said

Jenna Brown
clock 11 March 2025 • 3 min read
The 2025 regulatory landscape: The FCA's plans for the year ahead

The 2025 regulatory landscape: The FCA's plans for the year ahead

Consumer Duty remains central to the FCA's strategy

Sandy McGregor
clock 06 March 2025 • 4 min read
Round two: The FCA and the name and shame debate

Round two: The FCA and the name and shame debate

‘The FCA should be careful what it wishes for’

Daren Allen
clock 06 March 2025 • 4 min read