top of page

Financial abuse within families is a real concern

The Financial Vulnerability Taskforce, an independent body chaired by the former Personal Finance Society chief executive, Keith Richards, has criticised the “lack of national research” into theft and fraud within families, which has left many without financial security.

The taskforce has called for more discussions on all aspects of financial abuse within families - be that theft, fraud, coercive control, extortion, grooming or scamming.

The taskforce highlighted Norfolk County Council, which has established a Financial Abuse and Safeguarding Officer and which between August 2019 and August 2020 had recovered £154,000 in one off payments and £19,000 in monthly payments. During this period, it had received 160 referrals for action.

Calls have been made for Parliamentary action to be taken to better protect the most vulnerable.


Recent Posts

See All

We all recognise that the risk of developing dementia increases with age. At age 65, one in 700 will be diagnosed while at age 80, the number increases to 1 in 6. By the age of 95, the risk increases

Ian Trenholm, chief executive of the care regulator the Care Quality Commission has said that the profitability of care homes remained at ‘historically low levels’ in 2022/23. Using information from i

The government has increased funding for adult social care to help tackle NHS pressures this winter by £10m. Councils will be able to bid from a pot of £40m – up from £30m – for cash to help prevent h

bottom of page