Targeted research by the Ontario Securities Commission has revealed nearly 60 per cent of older Canadians experience a “major” life event that challenges their financial plans.
Canada’s biggest securities regulator is gathering data about older investors with an eye to addressing their unique needs through regulation. Advocacy groups have long contended that seniors are particularly vulnerable to investment products and sales tactics that don’t address shorter investment horizons and fixed or limited income.
An online survey of more than 1,500 Canadians who are 50 and over revealed that more than half experienced a major event — such as lost income or investments — that had an impact on financial plans.
Barbara Shecter – FINANCIAL POST – June 1, 2015.
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