Financial or Material Abuse

Financial or material abuse can occur in isolation, but research has shown where there are other forms of abuse, there is likely to be financial abuse occurring. Although this is not always the case, everyone should be aware of this possibility. Potential indicators of financial abuse include:

  • Change in living conditions
  • Lack of heating, clothing or food
  • Inability to pay bills/unexplained shortage of money
  • Unexplained withdrawals from an account
  • Unexplained loss/misplacement of financial documents
  • The recent addition of authorised signers on a client’s or donors signature card
  • Sudden or unexpected changes in a Will or other financial documents.

Age UK – Only the tip of the iceberg: Fraud against older people (April 2015)

Age UK Factsheet: Safeguarding older people from abue and neglect (Sept 2017)

A to Z of Fraud

Alzheimer’s Society – Top Tips for Managing Money and Preventing Financial Abuse

Money Matters: Research into the extent and nature of financial abuse within intimate relationships within the UK

Prevention Information Sheet: Financial or Material Abuse

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