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.
The corporate regulator has reiterated its focus on improving its reportable situations regime.
While the guidance is targeted at superannuation and investment funds, ASIC said it can also help companies to avoid greenwashing or overstating green...
The financial services minister announced the news on Wednesday (10 August).
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