What to do if a consumer has an addiction?
It’s statistically certain that some of your customers will be affected by some form of addiction – one in ten people are, whether it’s the people themselves or someone close to them. Consumer vulnerability regulations say that you can’t ignore this – but, equally, what should you do? This webinar explores the options and obligations for those who discover that a customer is vulnerable – with an alcohol, drug or substance use addiction. What do industry regulations require you to do? What shouldn’t you do? Are there further steps you could take as a concerned supplier – and fellow human? What are the pros and cons of helping out or stepping back? And what do you do if this is a past addiction, which is now reportedly managed by the consumer?
Latest white paper
Understanding the implications of vulnerability within Consumer Duty
Our latest Consumer Duty white paper
This paper examines the FCA Handbook Rules on Consumer Duty Regulations, specifically Principle 12. We extracted some key rules in order to explain the practical implications.
Latest podcast
What is a vulnerability?
Our latest Consumer Duty podcast
There is still a great deal of uncertainty about how someone is defined as vulnerable; what a vulnerability is. The FCA’s data (confirmed with live data from MorganAsh’s vulnerable consumer management tool, MARS) shows that around half of all people can be defined as vulnerable. Yet others say that they have only a few per cent of vulnerable consumers. Can this be true? Andrew Gething and Johnny Timpson OBE try to dig into the answers.
Latest webinar
Are you vulnerable to getting it wrong? Question and answers
Our latest Consumer Duty webinar
Our joint webinar with Elephants Don’t Forget on 26 March 2024 raised a record number of questions – so many, that we couldn’t respond to them all on the day. We’ve put together this video to respond to those questions.