Protecting the vulnerable: Why economic abuse belongs on every firm's agenda

'Economic abuse thrives in silence'

clock • 5 min read

PIMFA's Alexandra Roberts shares her insight on spotting economic abuse and how to deal with it...

A survey conducted by the charity Surviving Economic Abuse (SEA) earlier this year revealed that 15% of women in the UK - equivalent to more than 4 million women - have had their money controlled by an abuser in the previous 12 months. Of even greater concern is that more than two-fifths (42%) of these women did not speak to anyone, not even family or friends, about what they were going through. Alongside this, figures from the Office of the Public Guardian show a significant increase in Powers of Attorney abuses. Economic abuse is where one person, generally a partner, ex-partner, fa...

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