Super funds to tackle growing issue of elder abuse at national conference

Association Head of Technical, Mary Simmons, said elder abuse remains one of the most pressing yet underreported challenges in the superannuation sector, including SMSFs.

With the Australian Human Rights Commission reporting that only one-third of older persons seek help when being abused, the time to foster greater awareness is now.

Recent findings from the Parliamentary Joint Committee (PJC) report on financial abuse underscore its importance.

The NSW Ageing and Disability Commission has noted that financial abuse is increasing, driven by factors such as the expected $3.5 trillion intergenerational wealth transfer occurring over the next two decades, an ageing population, and economic pressures on younger generations.

The National Conference is being held at the Melbourne Convention and Exhibition Centre from February 19-21.