Skip Links
Members Login

Financial Abuse

Financial abuse is a crime. It is the use of a person’s property, assets, income, funds or any resources without their informed consent or authorisation. 

The Social Care Institute of Excellence (SCIE) list the following types of financial abuse:

  • Theft of money or possessions
  • Fraud, scamming
  • Preventing a person from accessing their own money, benefits or assets
  • Employees taking a loan from a person using the service
  • Undue pressure, duress, threat or undue influence put on the person in connection with loans, wills, property, inheritance or financial transactions
  • Arranging less care than is needed to save money to maximise inheritance
  • Denying assistance to manage/monitor financial affairs
  • Denying assistance to access benefits
  • Misuse of personal allowance in a care home
  • Misuse of benefits or direct payments  in a family home
  • Someone moving into a person’s home and living rent free without agreement or under duress
  • False representation, using another person's bank account, cards or documents
  • Exploitation of a person’s money or assets, e.g. unauthorised use of a car
  • Misuse of a power of attorney, deputy, appointeeship or other legal authority
  • Rogue trading – eg. unnecessary or overpriced property repairs and failure to carry out agreed repairs or poor workmanship

Possible indicators of financial abuse:

  • Unexplained withdrawals from the bank
  • Unusual activity in the bank accounts
  • Unpaid bills
  • Unexplained shortage of money
  • Reluctance on the part of the person with responsibility for the funds to provide basic food and clothes etc.
  • Unnecessary property repairs
  • Changes in deeds or title to property

7 Minute Briefing - Financial Abuse

Loan Sharks leaflet

My Money, My Life

Little Book of Big Scams

Easy Read leaflets

United Response have created these six booklets giving financial advice:

Choosing and Opening a Bank Account

Using a Bank Account

Your Money - Your Home

Your Money - Your Insurance

Explaining Some of the Words used in Banking

Moving On and Planning Ahead

 

Enable have produced these guides:

Being in Control of Your Money

Keeping Your Money Safe

 

Let us know what you think

RBSAB are keen to hear your views on this website so if you can think of ways to improve this service please let us know.

Feedback Form

Sign up for email updates

Keep up to date with Safeguarding Adult developments and the work of RBSAB by signing up for email alerts.

If you would like to unsubscribe from updates you can do so at any time by sending an email to [email protected]

Enter your email address
Safeguarding Children Click here to access the Safeguarding Children Board