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June 28, 2009

Elderly Not Protected From financial Abuse (IRELAND)

June 27, 2009

By FIONA GARTLAND

THE DEPARTMENT of Finance has failed to “step up to the plate” to protect older people from financial abuse, a conference on elder abuse was told yesterday.

The chairman of the Government’s Elder Abuse National Implementation Group, Professor Des O’Neill, said the group was very disappointed the department had refused to become part of the team set up to address financial abuse of the elderly.

Mr O’Neill was speaking at Protecting Older Adults: Interweaving Responses to Elder Abuse , a conference organised by Age Action Ireland in Dublin.

Elder abuse can take many forms including physical, financial, psychological, material or sexual.

The conference heard the number of cases of elder abuse reported to the HSE is about 1,800 a year, but in reality was likely to be between 14,000 and 23,000, based on studies in other countries. The majority of abuse occurs in the family environment, with 16 per cent of people experiencing financial abuse, both by friends and family and by financial institutions.

Cases discussed included one of an 83-year-old woman who was sold a €30,000, five-year investment bond and died before it matured.

Mr O’Neill said his group’s role was to oversee the implementation of the Government’s Protecting Our Future report, which was published in 2002.

Since then, there had been no significant moves to provide training on elder abuse, or for the detection, assessment and management of elder abuse, he said.

Law Reform Commissioner Patricia Rickard-Clarke said mechanisms put in place to protect older people including the Enduring Power of Attorney, were being abused.

“Elderly people’s assets are put into joint accounts for the convenience of the older person and then the attorney goes into the bank and starts withdrawing cash for their own benefit,” she said.

Banks needed to ask questions when an elderly person presented to open a joint bank account including, why they were opening it, and what they intended to happen to it after their death, Ms Rickard-Clarke said.

Launching the conference, Minister for Older People Áine Brady said she would call on the financial institutions to discuss how best to protect older people against financial abuse.

A spokesman for the Department of Finance declined to comment on why the department had refused to become part of a team set up to address financial abuse of the elderly.

Abridged
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