I’m delighted to have registered my support for the Financial Vulnerability Taskforce, a newly created representative body in the personal finance sector.
The Taskforce is designed to promote a greater understanding of financial vulnerability and encourage appropriate behaviours.
It will also help to establish good practice in respect of consumer vulnerability.
The Taskforce will act as an informed source of positive influence on both policymakers and the general public.
By supporting the Financial Vulnerability Taskforce, I hope to contribute towards the personal finance sector being seen as a ‘safe pair of hands’, especially by those who find themselves in vulnerable circumstances.
There is a significant regulatory focus on vulnerability issues now, which is an incredibly positive development. By working together with my peers to present a ‘united’ profession, we can change public perception about how we consciously deal with vulnerable circumstances.
We must work together to address perceptions or the unconscious reality of commercial conflicts of interest.
I was so pleased to see my professional body, the Personal Finance Society, support the creation of the Financial Vulnerability Taskforce and promote its Charter, to which I am now a proud signatory.