Standards International has partnered with Australian adviser Amanda Cassar to launch a new training programme aimed at tackling economic abuse.

Economic abuse is when one person has control over another’s access to economic resources. It was recognised as a form of domestic abuse in the domestic abuse bill last year after calls from charities to make it a standalone criminal offence.

The Financial Abuse Specialist course will be available to advisers globally via the Standards International website from 1 June 2020. It will cost £697+VAT.

The course is a training and certification programme designed to help advisers understand the signs of abuse and how to assist clients. The online training consists of video interviews with abuse survivors, advisers and lawyers. It also includes reading materials, quiz questions and written case studies.

Wealth Planning Partners director Amanda Cassar says: “As advisers we must know our clients in order to give comprehensive and appropriate advice.

“Economic abuse can occur irrespective of socio-economic category, education, race or ethnicity.”

 Cassar, who is a global ambassador for financial abuse prevention and remediation, added: “There is no cookie-cutter approach to assisting clients but you can help reduce the risk of exposure to financial abuse through education, and through advising clients about protection options such as trusts or binding financial agreements.”

To achieve the Financial Abuse Specialist certification, course participants are invited to submit testing materials. The certification aims to help consumers and clients identify advisers with the expertise and resources to support them in this area.

Read more about economic abuse and how to get involved with this training programme in the magazine this week.

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