Economic Abuse

*** Trigger Warning ***Hi everyone, we are back with quite a change of episode today to the usual content. I am talking with Lauren Garrett from the SEA Charity, an organisation that is dedicated to helping people that have experienced economic abuse.Listening to what Lauren has to share is really eye opening as to the awful situations people can find themselves in and remember this isn’t something that just happens, it often happens gradually. There is no specific person that can be affected by this, anyone can be.The key takeaways:Financial abuse falls within economic abuse, it is just one aspect of what a person can experience.As advisers there is a duty upon us to try and prevent economic abuse and there’s some tips on how to do thisThere is a huge call for the insurance worlds to modernise to the need for separation clauses as standard and flexibility of Trusts, to ensure that victims of economic abuse are not disadvantagedNext time Matt Rann will be back with me and we will be talking about lung cancer and what this means for your life insurance, critical illness and income protection options. Take a look at these extra pieces from SEA:Consumer Duty BriefingInsurance and Economic AbuseRemember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.