Originally published: Money Marketing, 13 September 2023
Independent financial advisers believe 35% of their clients could be classed as vulnerable.
This is according to an AKG report sponsored by Standard Life, which also found 31% of those with vulnerable relatives who have made poor financial decisions attributed this to not having access to financial advice or guidance.
Another 37% said relatives making poor financial decisions was due to lack of knowledge or understanding.
The report was based on Opinium Research survey of 2,000 UK adults in February 2023 and a Pureprofile survey of 100 financial advisers on behalf of AKG.
