Commission looks for input on combating financial abuse of seniors

Consultations will take place across New Brunswick during the next few months as the province works to find solutions to help prevent and respond to the financial abuse of seniors.

The Financial and Consumer Services Commission says it would like public input on possible legislative changes that would provide increased safeguards against such abuse.

Other areas of consultation would include the challenges of reporting and investigating financial abuse of seniors and improving best practices to guide financial industry workers who spot signs their clients are being financially abused.

The government says seniors make up 19.9 per cent of New Brunswick's population, but that's expected to grow to 31 per cent by 2038.