The Financial Vulnerability Taskforce
The Financial Vulnerability Taskforce is a newly created independent professional body covering the Personal Finance, Insurance and wider Financial Services Sector. Its ultimate purpose is to promote greater UNDERSTANDING, encourage appropriate BEHAVIOURS and establish GOOD PRACTICE in respect of consumer vulnerability.
Adoption of the Charter allows firms and individuals to align with an Independent set of standards which are equally inline with the expectations and rules of the Financial Conduct Authority. The Independent Charter enables adopters to promote their own processes and commitment to treating customers and clients fairly.
Recognising the vulnerable circumstances in life we all face will result in better outcomes for all.
Good Practice Guide - Divorce
Advising and supporting clients going through divorce
(In England and Wales)
The Financial Vulnerability Taskforce (FVT) has produced a new good practice guide to help financial advisers and planners wanting to know more about the key issues involved, benchmark good practice, and better understand the role that they and other professional services play in supporting clients going through this difficult life event. The guide’s been written by the Taskforce with valuable input from subject matter experts and produced in conjunction with Legal & General.
Download the guide here.
You can find other topical guides and other vulnerability support in the Resource Library of the FVT website.