Positive Ageing - Financial Abuse

Financial abuse of older people does happen in some unfortunate situations. It may take the form of elderly people being denied access to their own money or having their money handled in a way they are unhappy about.

Sometimes there is pressure to give financial help to a family member or friend – or difficulty in getting a personal loan repaid. There may be pressure to change a will or give access to a bank account.

Seek independent advice if this is happening to you.

• Don’t share your pin number with anyone
• Be wary about financial offers made over the phone or by someone knocking at your door
• Never send your credit card or bank account details to anyone
• Don’t make financial decisions in a rush or under pressure
• Consider appointing two people to have enduring power of attorney; your lawyer as well as a close friend or family member.

More free advice is available from:

• Community Law Marlborough: 1-17 Market Street North, Ph: 577 9919
• Age Concern Marlborough: 25 Alfred Street, Ph: 579 3457
• Public Trust Office: corner of High and Queen Streets, Ph: 0800 371 471, 8.00 am-5.00 pm.

Other information can be found at these websites:
Office of Senior Citizens
Retirement Commission