An evolving marketplace, buoyed by rapid technological innovation, is making it more accessible than ever for younger people to invest their money.
However, the ease with which younger investors can access new platforms to make gains - and losses - is fuelling conversation in the sector about whether more needs to be done to protect this new, ‘vulnerable' demographic. The FCA defines a vulnerable investor as "someone who, due to their personal circumstances, is particularly susceptible to harm, particularly when a firm is not acting with appropriate levels of care". Historically, the regulator and wider industry have regarded older people as more vulnerable, but recent campaigns are beginning to explore whether the definition needs...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes