09/09/2026
Trusted relatives, friends and carers stole ÂŁ51 million from pensioners
More than ÂŁ51 million was stolen from people aged 70 and over through fraud by abuse of position during the 2025/26 financial year, according to new figures released by the City of London Police.
A total of 3,812 reports were recorded, with overall losses reaching ÂŁ93.8 million. People aged between 80 and 89 experienced the highest number of reports and the greatest losses of any age group, losing almost ÂŁ24 million.
Fraud by abuse of position happens when someone exploits a position of responsibility, authority or trust to steal money, assets or property. Offenders can include family members, friends, carers, employees or people entrusted with managing another person’s finances.
The figures include:
• 764 reports involving the misuse of powers of attorney, with losses of £34.6 million
• 444 reports involving social care workers, with losses totalling £13.3 million
• 337 reports referencing dementia
• 359 reports in which victims were described as vulnerable
Warning signs can include unauthorised transactions, unpaid bills, missing possessions and unexpected changes to a bank account or will.
Anyone concerned should contact the relevant bank or card provider immediately. Safeguarding concerns can also be raised with the local authority’s adult social care team.
Fraud can be reported online to Report Fraud or by calling 0300 123 2040.
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