Financial control, a form of financial or economic abuse, is, unfortunately, an increasingly common occurrence across a range of age and socio-economic groups.
During financially and emotionally challenging times, such as those experienced by many during the COVID-19 pandemic, financial abuse tends to rise. Whether it’s in the form of financial control in a relationship, or financial abuse of elders, it’s something all financial advisers need to be aware of.
In this CPD-accredited (0.75 hrs) ethics article, proudly sponsored by GSFM, financial control, the elements that comprise it, and ethical ramifications for advisers are explored.