Strength in Numbers

A new report from the Money and Mental Health Policy Institute sets out the case for the need for better mechanisms to enable carers, family members, and trusted friends to help consumers with mental health problems.The report argues that banks, utilities, and other providers need to accept that informal sharing of financial management is part of daily life for millions of vulnerable consumers – and many would be safer, and better off, if there were simple tools to help carers support their loved one more transparently.

The report proposes simple tools like: Read only access; notifications; and restrictions for assigned carers.

The report also proposes reforms to the Power of Attorney system to make it better fit for purpose for those with long term mental health problems.

Read the full report below.