Consumers’ access to financial services

Published on 13 December 2018

The LITRG comments on this Treasury Committee call for evidence in relation to the tax and related state benefits issues that might affect vulnerable or low-income taxpayers, in particular to the proposed definition of vulnerable customers. It is vital that frontline advisers are able to understand and recognise vulnerability, and use their fact-find to the fullest extent to tease out any underlying issues. We also highlight two areas that we believe special care needs to be taken in relation to vulnerable customers: pension access and the interaction with tax and entitlement to state benefits.

©istock/PeopleImages
©istock/people images

The LITRG's submission can be found here: Consumers’ access to financial services – LITRG response

(13-12-2018)

Contact: Gillian Wrigley (please use our Contact Us form) or follow us on Twitter: @LITRGNews