Vulnerability remains biggest barrier for advisers

PFS survey

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Vulnerability remains biggest barrier for advisers

The greatest barrier for financial advisers when it comes to assisting clients is the ability to openly discuss their vulnerability

An online poll of 165 Chartered Insurance Institute and Personal Finance Society members revealed one-third (36%) struggle to talk about the nature of vulnerability with individuals, while one-in-10 said they find it difficult to identify vulnerability. A further one-in-five admitted they worry about understanding the needs of clients in vulnerable circumstances. The survey follows the Personal Finance Society's launch of an independent Financial Vulnerability Taskforce, set up at the s...

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