'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

FCA must be 'more ambitious' on redress modernisation plans - PIMFA

FCA must be 'more ambitious' on redress modernisation plans - PIMFA

Watchdog should reconsider role of FOS and consolidate CMC regulation

Jenna Brown
clock 30 January 2025 • 3 min read
FSCS moves forward with claims against troubled Donre Advisory

FSCS moves forward with claims against troubled Donre Advisory

London advice firm went into liquidation in July last year

Isabel Baxter
clock 30 January 2025 • 2 min read
FCA and lawyers settle illegal care home investment scheme lawsuit

FCA and lawyers settle illegal care home investment scheme lawsuit

Scheme saw £57m taken from 380 investors

Jen Frost
clock 27 January 2025 • 3 min read