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Financial Conduct Authority 9
Summary
Mental illness
In any given year,
one in four adults
experiences at
least one mental
disorder (NHS, 2007)
Internet
Of the 7.1m adults in the
UK that had never used
the internet in May 2013,
over half were disabled
(3.7m) and nearly half were
over 75 years of age (3.1m).
(Department for Business,
Innovation and Skills, 2013)
Savings
Almost half of adults do not
have enough savings to cover an
unexpected bill of £300 (Money Advice Service)
The scale of consumer
vulnerability in the UK
Fair treatment of all customers is central to core conduct
1 in 8 adults care,
unpaid,for family
and friends (Carers UK website, 2014)
There are 800,000 people in the UK living with
varying degrees of dementia, and this is expected
to double over the next 40 years
NOW
+40 YEARS
Caring responsibilities
6.5m people in the UK have
significant caring responsibilities.
Carers UK project this will reach
9m by 2037.
NOW
+20 years
+30 years
Old age
Over 1.4m people in the
UK are aged 85 or over.
The number of people over
85 in the UK is predicted to
double in the next 20 years
and nearly treble in the
next 30 years (Age UK, 2013)
By 2020 half of the
UK population can
expect to be
diagnosed with
cancer at some point
in their lives (Macmillan 2014)
Cancer
Every two minutes someone in the UK is
diagnosed with cancer (Cancer Research UK 2014)
Living with dementia
Disability
16%
of working
age adults
have a disability
(Family Resources Survey,
2011/12).
Literacy and numeracy
One in seven adults has
literacy skills that are expected
of a child aged 11 or below.
And...
Just under half
of UK adults have
a numeracy
attainment age
of 11 or below
(Department for Business,
Innovation and Skills, 2012)
Dementia affects 1 person in 6 over 80
(Age UK,2013)
Vulnerable People Need Special Attention

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Funeral plan comparison

  • 1. Financial Conduct Authority 9 Summary Mental illness In any given year, one in four adults experiences at least one mental disorder (NHS, 2007) Internet Of the 7.1m adults in the UK that had never used the internet in May 2013, over half were disabled (3.7m) and nearly half were over 75 years of age (3.1m). (Department for Business, Innovation and Skills, 2013) Savings Almost half of adults do not have enough savings to cover an unexpected bill of £300 (Money Advice Service) The scale of consumer vulnerability in the UK Fair treatment of all customers is central to core conduct 1 in 8 adults care, unpaid,for family and friends (Carers UK website, 2014) There are 800,000 people in the UK living with varying degrees of dementia, and this is expected to double over the next 40 years NOW +40 YEARS Caring responsibilities 6.5m people in the UK have significant caring responsibilities. Carers UK project this will reach 9m by 2037. NOW +20 years +30 years Old age Over 1.4m people in the UK are aged 85 or over. The number of people over 85 in the UK is predicted to double in the next 20 years and nearly treble in the next 30 years (Age UK, 2013) By 2020 half of the UK population can expect to be diagnosed with cancer at some point in their lives (Macmillan 2014) Cancer Every two minutes someone in the UK is diagnosed with cancer (Cancer Research UK 2014) Living with dementia Disability 16% of working age adults have a disability (Family Resources Survey, 2011/12). Literacy and numeracy One in seven adults has literacy skills that are expected of a child aged 11 or below. And... Just under half of UK adults have a numeracy attainment age of 11 or below (Department for Business, Innovation and Skills, 2012) Dementia affects 1 person in 6 over 80 (Age UK,2013) Vulnerable People Need Special Attention