Covid-19: Older people at greater risk of financial abuse

The Covid-19 pandemic has left many older people at continued risk of financial abuse. File Picture. 

The Covid-19 pandemic has left many older people at continued risk of financial abuse with new research showing two-thirds of those who needed help from others to manage their money during lockdown have not taken back control of their own finances.

The research, commissioned by Banking & Payments Federation Ireland (BPFI) together with Safeguarding Ireland, also shows that of 1,000 people who were surveyed, almost one-fifth had suffered financial abuse at some stage and 5% had experienced it during the lockdown earlier this year.