Insurance Cares: 50% of financial consumers could be vulnerable


A report by the Financial Conduct Authority (FCA) has revealed that up to 50% of financial services consumers could be classified as vulnerable.

The report – the Financial Lives Survey – found that “half of UK consumers currently show one or more characteristics of potential vulnerability (25.6m) – they may be at increased risk of harm, or would suffer disproportionately, if harm occurred”.

The research revealed that vulnerable customers were less likely to hold “any form of insurance”.


To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: