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Less than half of vulnerable customers inform financial firms of their needs, risking inadequate support.
Less than half of vulnerable customers disclose their circumstances to financial services firms, leading to potential gaps in support.
Among those who do share their situation, 74% report that staff ask the right questions, and 58% say they receive needed support.
The Financial Conduct Authority (FCA) has introduced the Consumer Duty to ensure firms deliver positive outcomes for all customers, including those in vulnerable positions.
The FCA also published guidance and examples of good practices to improve firms' handling of vulnerable customers.
14 Articles
Menos de la mitad de los clientes vulnerables informan a las empresas financieras de sus necesidades, arriesgando un apoyo inadecuado.