Published by: Financial Vulnerability Taskforce
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Key Take Aways
Vulnerability is circumstantial, not defined by age or demographics, and can affect individuals at any stage of life.
Many clients and families experience vulnerability due to emotional distress, lack of knowledge, or complex legal/financial processes, particularly post-bereavement.
Vulnerability is not always disclosed; advisers should recognise behavioural or decision-making difficulties as potential indicators.
Effective support requires proactive identification of changing needs—emotional, practical, and financial.
Pre-bereavement planning, including Wills, protections, and Lasting Powers of Attorney, is essential in mitigating future vulnerability.
Building trust and understanding family dynamics before bereavement streamlines post-death support.
Signposting clients to statutory, commercial, and third-sector services ensures holistic care.
The third sector, including the...
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