
What are the four risk factors of vulnerability
Health
Changed life circumstances
Limited Financial capability
Low financial resilience
Short term unemployment
CoVID
Customers with enhanced care needs as customers who, due to their [[1]] circumstances, are susceptible to experiencing poor [[2]] and need enhanced care or [[3]] to meet their needs.
personal
outcomes
support
Customer has vulnerability , is the customer at risk of financial crime ?
When customer says that he is hard at hearing and ha lost 70% of his hearing capability , how do you proceed with the call?
Treat as a regular customer since he could still hear
Identify as vulnerable and adjust pace and tone during conversation
Ask them to go to branch for better face to face assistance
Customer says that he recently had a baby and is looking at investing to increase is financials, is the customer vulnerable ?
Yes, this is a life event
No, physical and financial capability remains sound
Customer is 70 years old and pose no vulnerability is the customer still vulnerable
Yes, as the customer is elderly
No, , he/ she is fully functioning