Course description
The FCA's latest survey showed that 50% of adults in the UK show indicators of potential vulnerability. Its new guidance consultation states that 'there is still room for improvement' and that 'some firms are clearly failing to consider the needs of vulnerable consumers'.
Presented by leading compliance trainer Julie Ampadu, this live and interactive broadcast will help you to understand how your firm should be considering vulnerability on a practical level to reduce the potential for consumer harm. It will explore the FCA’s expectations and requirements in relation to vulnerable customers and will include practical examples of the treatment of vulnerable customers within the financial services sector.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The FCA's latest survey showed that 50% of adults in the UK show indicators of potential vulnerability. Its new guidance consultation states that 'there is still room for improvement' and that 'some firms are clearly failing to consider the needs of vulnerable consumers'.
This live broadcast will help you to understand how your firm should be considering vulnerability on a practical level to reduce the potential for consumer harm. It is aimed at those with responsibility for the firm’s compliance framework and staff training.
It will explore the FCA’s expectations and requirements in relation to vulnerable customers and will include practical examples of the treatment of vulnerable customers within the financial services sector.
What You Will Learn
This live and interactive session will cover the following:
- The definition of a vulnerable customer
- How to identify different types of vulnerability
- How to identify and manage trigger factors
- Good and poor practice in managing vulnerability
- How to deal with sensitive data
- What to consider when training staff
- How to apply incentives for staff
- The challenges in assisting vulnerable customers
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...