The FSC Guide to the Prevention of Elder Financial Abuse for financial services institutions signals a first, direct step by the industry towards addressing risks of elder financial abuse. Collating best practice recommendations put forward by industry bodies and expert community groups, as well as regulatory guidance, the Guide aims to address potential risks that may emerge in areas of financial services. This includes wealth, superannuation, advice, financial planning, trustees and life insurance.
Download the Guide here.
Download the Media Release here.
The FSC held a morning event on Tuesday 29 October to officially launch the report with guest speakers: Senator Deborah O'Neill, Labor Senator for New South Wales; Anne McGowan, CEO, Protecting Seniors Wealth; Jessica Latimer, Special Counsel, Moores and Brendan French, Executive General Manager, Customer and Community Advocacy, Commonwealth Bank.
Here, Anne and Jessica share some post-event insights: