“Not only does this lead to a better outcome for clients, but it provides much-needed support for advisers navigating some of the complexities in supporting vulnerable clients.”
Earlier this month, the Financial Vulnerability Taskforce (FVT) launched a guide for advisers on how to deal with the impact of sudden wealth or an unexpected wealth transfer.
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The practice guide will look to provide advisers with aid in dealing with these vulnerable circumstances which the FVT said is set to increase based on forecasts of intergenerational wealth transfer figures.
sonia.rach@ft.com
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