A spike in the divorce rate has increased the risk of financial vulnerability, the Financial Vulnerability Taskforce (FVT) has warned.

The Financial Vulnerability Taskforce, the industry body campaigning for better treatment of vulnerable clients, has launched a new guide to help planners work better with clients who are vulnerable due to experiencing ‘sudden wealth.’

Financial Planners reacting to a report exposing family wealth abuse say that too little is being done to protect financially vulnerable people.

A new 'elephant in the room' report has been published to draw attention to the little understood but growing problem of vulnerable but well off clients becoming victims of theft and fraud within families.