Firms failing to identify domestic and economic abuse: MorganAsh

Many customers left without support

Cameron Roberts
clock • 2 min read

Provider, MorganAsh, has released research showing that financial services firms are failing to identify domestic and economic abuse.

Data from the MorganAsh Resilience System (MARS) showed that 22% of customer vulnerability assessments on the platform included questions on domestic abuse. The provider also said that, in assessments that did address potential abuse, 5% of consumers disclosed they were suffering ‘some form of abuse'. MorganAsh said that the national figures for those suffering abuse was between 4%-8%. The highest proportion of customers reporting abuse on MARS is 8% by a digital loan provider. Andrew Gething, managing director, MorganAsh, said: "Many firms are at present opting to not to include c...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Probate fee to rise by 75% from mid-July 2026

Probate fee to rise by 75% from mid-July 2026

Broader client conversations on estate planning encouraged

Jaskeet Briah
clock 08 July 2026 • 3 min read
FCA review highlights role of AI in tackling protection gap

FCA review highlights role of AI in tackling protection gap

Warning AI could make markets more opaque

Jaskeet Briah
clock 07 July 2026 • 4 min read
FCA seeks to ease Consumer Duty wholesale and non-UK burden

FCA seeks to ease Consumer Duty wholesale and non-UK burden

Clarity on firms' responsibilities when working together

Sophia Panayi
clock 29 June 2026 • 2 min read