Hidden Heist: UK’s older people have already lost over £53 million to abuse

Hourglass Charity Warns of 2.6 Million Victim-Survivors with numbers set to increase, as National Summit Convenes

The UK’s older people are losing more money to abuse than was stolen in the largest ever cash heist, with projections showing over 1.5 million people could become victim-survivors annually by 2030, the charity Hourglass revealed today.

The Tonbridge Securitas depot robbery of 2006 – which saw armed criminals steal £53 million – has long stood as the UK’s most audacious cash theft. Yet new analysis from Hourglass, the only UK-wide charity dedicated exclusively to ending the abuse of older people, reveals that fraudsters and abusers have stolen that amount from older victims across the UK.

The sobering figures emerge as ministers, safeguarding experts and frontline practitioners prepare to convene virtually for the Safer Ageing Summit 2025 on 12th November, where they will confront what Hourglass describes as “the most under-recognised safeguarding crisis of our time.”

According to Hourglass projections, by 2030, almost 4 million older people across the UK could experience abuse annually – encompassing physical, psychological, sexual, and economic exploitation and neglect. The charity warns that whilst these crimes rival organised heists in scale, they receive only a fraction of the attention, resources, or political priority.

“The reality is stark: abuse of older people is rising, but recognition, resourcing and political attention are still lagging behind,” said Richard Robinson, CEO of Hourglass. “We can’t keep treating older people as an afterthought in safeguarding policy.

“By 2030, almost 4 million older people could be victim-survivors every single year. That should be a national wake-up call.”

Expert panels will tackle critical issues including: Economic abuse and urgent legal reforms to powers of attorney; the intersection of housing, health, and systemic ageism; the sexual abuse of older people – what experts call “one of the last taboos in safeguarding”.

The summit will feature powerful testimony from Laura Johnston-Brand and Karen Lee, founders of the Willie’s Law campaign through their own lived experience, who are championing urgent reforms to prevent the financial exploitation of vulnerable older people through misused powers of attorney.

Hourglass is demanding immediate government action including: Stronger legal protections against economic abuse of older people; mandatory age-disaggregated data collection across all safeguarding services and a coordinated UK-wide strategy to end abuse in later life.

Richard Robinson added: “We hope our Summit will not only remind people of these sobering statistics but drive urgent action to put the abuse of older people at the top of the political agenda where it belongs.”

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davepickering

Edinburgh reporter and photographer