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Good morning and welcome to your Morning Briefing for Thursday 7 July, 2022. To get this in your inbox every morning click here. Opperman quits Pensions minister Guy Opperman has stepped down from his post. He joins more than 50 other MPs who have resigned in the past few days. Opperman became the UK's
Getting it right with vulnerable clients The FCA has upped its focus on how firms deal with clients in vulnerable circumstances, but the matter is often far from black and white By Amanda Newman Smith Protecting the vulnerable is a characteristic of any decent society. Understandably, the Financial Conduct Authority wants advice firms to treat clients in vulnerable circumstances both fairly and consistently. But how should firms achieve this through the processes they put in place, while recognising the varying needs of individuals? The FCA’s view is that: “A vulnerable cust...