People with Dementia Need Protecting from Financial Abuse

Wednesday, 14th December 2011

Published 14 December 2011.

People with dementia and their carers face many issues when managing their finances. In particular, having dementia puts people at much greater risk of financial abuse. According to the Alzheimer’s Society 112,500 (15%) of people with dementia, including an estimated 9,000 in Yorkshire, have been victims of financial abuse such as doorstep or telephone cold calling, miss-selling and postal scams. It is estimated that this costs families in the UK more than £100 million, including £8 million in Yorkshire.

In a recent report published by the Alzheimer’s Society, ‘Short Changed: Protecting People with Dementia from Financial Abuse’, the charity calls for much greater support for people with dementia in managing their finances and, in conjunction with this, much better protection from financial abuse. Key to this will be helping raise awareness of dementia amongst not only carers and families but also organisations in the community such as banks and retailers.

Demonstrating its recognition of the importance of raising awareness of dementia in the community Carefound recently lead the way by helping organise an innovative event with the Alzheimer’s Society in Harrogate which a cross-section of local businesses attended. Representatives from organisations such as Marks and Spencer, Sainsbury’s and Barclays learned about what they could do on their premises to help people with dementia. The Alzheimer’s Society is now developing a training programme which will be offered to organisations across the community.

Also important in helping people with dementia to remain active in the local community, protected from the risk of financial abuse, is ensuring that skilled, trusted support is available. Carefound’s home care team provides expert, tailored support at home to people with dementia in North Yorkshire enabling Clients and their families to continue to enjoy the highest quality of life possible. The team is trained and experienced in dementia and places great importance on financial aspects such as the handling of Clients’ money, safeguarding from financial abuse and mental capacity.

Carefound is a provider of high quality home care services to elderly people in North Yorkshire, enabling clients to continue to live independently in the comfort of their own home whilst maintaining the highest quality of life achievable. Services provided include basic help in the homecompanionship and personal care, and the Carefound home care team is trained in specialist conditions such as dementia. The flexible service ranges from 1 hour to 24 hours per day, 7 days a week, including bank holidays, and can also encompass 24-hour Live-In Care services. Situated in the Harrogate area of North Yorkshire, Carefound offers a truly unique elderly care service with the individual firmly at its heart and is able to provide services to clients in surrounding towns and villages including (but not limited to) Harrogate, Wetherby, Knaresborough, Boroughbridge, Ripon and Thirsk. For more information please telephone 01423 774070 or visit

Source: Carefound, Alzheimer’s Society, Yorkshire Post.