Report shows failures by government, financial services and retailers to protect people with dementia from scammers
People living with dementia are “sitting ducks for financial abuse” because of failures by the government, financial services and retailers, according to a report.
The report, Retail Therapy by the International Longevity Centre and independent abrdn Financial Fairness Trust, highlights multiple examples of those living with dementia setting up subscriptions or direct debits after being subjected to repeated doorstep cold calls, scam letters and incessant phone calls in which they were asked to share personal financial information.
Report shows failures by government, financial services and retailers to protect people with dementia from scammersPeople living with dementia are “sitting ducks for financial abuse” because of failures by the government, financial services and retailers, according to a report.The report, Retail Therapy by the International Longevity Centre and independent abrdn Financial Fairness Trust, highlights multiple examples of those living with dementia setting up subscriptions or direct debits after being subjected to repeated doorstep cold calls, scam letters and incessant phone calls in which they were asked to share personal financial information. Continue reading…
