We returned to ethical campaigning with leading domestic violence charity Refuge, highlighting the issue of financial abuse in intimate relationships. It affects one in five people - watch our video and find out more below.
Our joint campaign with Refuge; the national domestic violence charity, launched in 2015 and found that nearly one in five British adults had experienced financial abuse in an intimate relationship.
The “My money, my life” campaign raised awareness of the true scale of financial abuse for the first time, as it occurs within intimate relationships, where financial control, exploitation or sabotage are used to control a person’s ability to acquire, use and maintain financial resources. We carried out the UK’s largest study to date in this area in order to understand the prevalence of financial abuse in intimate relationships in the UK. We campaigned for the banking industry to come together to ensure there is adequate and consistent support for the victims of financial abuse in relationships.
We are really proud that our joint campaign with Refuge resulted in a Financial Abuse Code of Practice that will make a real difference to people who are vulnerable and in a situation which they need help and support to get out of. We also want to thank all our customers and everyone who got behind this campaign and played a part in making these important changes happen.
For more information about financial abuse in intimate relationships, go to our What is financial abuse? page.
If you are the victim of financial abuse or have concerns about domestic violence, please visit the Help and resources section for guidance and help.
A consumer information leaflet with help and support for victims of financial abuse has also been created and is available from all financial organisations who have signed up to the Financial Abuse Code of Practice.
The Co-operative Bank is committed to working with the banking industry to help the victims of financial abuse in relationships.
Financial abuse in intimate relationships is a way of controlling a person's ability to acquire, use and maintain their own money and financial resources.
Financial abuse in relationships is a little known issue - our customers can help by talking about the issue and raising awareness.