What do you do if an older client is being abused?

Elder financial abuse has unfortunately increased since the onset of the COVID pandemic, and is set to rise in the long term in line with Australia’s ageing population.  In this episode of The ifa Show, Protecting Seniors Wealth chief executive Anne McGowan joins host Sarah Kendell to talk about the worrying trend of elder financial abuse. Anne discusses what may drive someone to commit elder abuse and the signs to watch for that a client may be being taken advantage of. She also unpacks why advisers may be reluctant to intervene in elder abuse and the potential legal consequences for not acting to prevent potential abuse.