Vulnerability remains biggest barrier for advisers

PFS survey

clock
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 start...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Exclusive access to our fortnightly Protection insight mini-podcast.
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

COVER Blue Monday webinar now available on demand

COVER Blue Monday webinar now available on demand

The whole wellbeing proposition

COVER
clock 20 January 2022 • 1 min read
Jo Throp: Neurological conditions require a specialist approach

Jo Throp: Neurological conditions require a specialist approach

"The protection industry needs to consider more deeply the cost and impact of neurological claims"

John Brazier
clock 18 January 2022 • 8 min read
Royal London extends Helping Hand wellbeing services

Royal London extends Helping Hand wellbeing services

Includes GP consultations and mental wellbeing app

John Brazier
clock 17 January 2022 • 1 min read