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ELDER FINANCIAL ABUSE

ELDER FINANCIAL ABUSE

Helping your ageing clients Keep their finances safe

Helping your ageing clients Keep their finances safe

 

More than 1.6 million Australians are affected by financial abuse each year and people over the age of 50 and the elderly are particularly at risk1. By understanding the warning signs of elder financial abuse and preparing your clients for the future, you can help them protect their financial assets.

Financial abuse can take many forms, from scams and fraud to emotional blackmail and theft, and it can be committed by strangers, friends or even family members. Elderly people are particularly vulnerable to this kind of mistreatment and the impacts can extend beyond financial loss – for example, causing anxiety and depression, or preventing access to food, medical care and safety.

We’ve put together some resources you can use with your ageing clients to educate them about financial abuse and explain how they can keep their finances safe.  

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The content displayed on this page is intended for financial advisers only