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What can we learn from other industries on vulnerable clients?

What can we learn from other industries on vulnerable clients?
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'Post Office won't let me look after my ill wife's £27,000 savings'

'Post Office won't let me look after my ill wife's £27,000 savings'
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Financial institutions general regulatory news, January 2021 # 2 | Hogan Lovells

Regulatory permissions: FCA reminds firms to use or cancel
DB pension transfer advice: FCA Assessment Tool and latest data analysis
FCA MoU with DWP and MaPS
Consumer investments data review 2020: FCA summary
CMC charges for financial products and services claims: FCA CP21/1
FCA Regulation round-up
UK Regulators Network: second publication of performance scorecards
EU economic and financial system: European Commission Communication on further steps to foster openness, strength and resilience
IFD: EBA final reports on draft RTS on risk takers and variable remuneration
FICOD: Joint Committee of ESAs final report on draft ITS on reporting of intragroup transactions and risk concentration ....

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Neobanks have Not Yet Gained Trust of Most Consumers, but Monzo and Starling Lead in Service Quality: Survey

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Neobanks have Not Yet Gained Trust of Most Consumers, but Monzo and Starling Lead in Service Quality: Survey
January 19, 2021 @ 8:14 pm By Omar Faridi
Although neo banks or digital banking platforms have been gaining significant market share during the past few years, consumers still appear to be somewhat hesitant when working with these new providers as their primary accounts, according to recent research by
Accenture.
The 2020
Accenture Global Banking Consumer Survey, which obtained feedback from over 47,000 consumers from 28 different markets, revealed that there was an increase in neobank adoption (23% of survey respondents in 2020 maintaining a neobank account, compared to only 17% back in 2019). However, the number or percentage of people that actually use their neobanking accounts as their main account remains quite low at just 12%. ....

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