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This month on The Pension Confident Podcast we’re shining a light on an important topic - financial abuse. It’s a part of economic abuse, a legally recognised form of domestic abuse and it can happen to anyone. Join our host, Philippa Lamb, and our expert panel as they discuss what to do if you or someone you know is being financially abused, how to spot the signs and what support is available.
Research and Policy Officer at Hourglass; and PensionBee’s VP of Second Line Compliance, Jaypee Soule.
Episode breakdown:
01:00 What is financial abuse and who does it impact?
06:59 The underreporting of financial abuse
09:22 What are the effects of financial abuse?
11:28 Who is committing financial abuse?
14:06 How do financial services protect against financial abuse?
16:48 How to keep yourself and your funds safe from financial abuse
18:53 What are the signs of financial abuse to look out for?
20:40 How are financial abuse cases recorded?
21:38 What support is available for victims of financial abuse?
24:04 The importance of financial awareness
26:13 Understanding powers of attorney
Further reading: To learn more about some of the themes discussed, check out these articles and podcasts from PensionBee:
E33: How to spot the signs of financial abuse (Podcast transcript) E10: What are the effects of debt and what can you do if you find yourself in it? (Podcast) E7: How to stay safe from fraud and financial scams (Podcast) Bonus episode: How to avoid financial scams (Podcast) 8-step guide to help you stay safe online Power of attorney Anti-Scams Legislation
Other useful resources:
Keeping you and your loved ones safe from economic abuse. (Hourglass) How to identify financial abuse in a relationship (Very Well Mind) Financial abuse: spotting the signs and leaving safely (Money Helper) Hourglass. Safer ageing. Stopping abuse. Financial abuse: what is it? (Age UK) Economic abuse (Refuge) Surviving Economic Abuse Women’s Aid One Love Foundation Office of the Public Guardian
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