People living with dementia ‘sitting ducks for financial abuse’

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.