Protect seniors from financial abuse and investment fraud

Alberta’s population is aging. By 2031, when the last of the baby boomers reach 65 years of age, it’s projected that there will be almost one million seniors in the province – which means about one in five Albertans will be a senior. Seniors also tend to have accumulated assets or retirement funds, and con artists see this as an opportunity.  Unfortunately, the natural aging process can leave them vulnerable to fraudulent or unsuitable investments.

Financial abuse is one of the most frequently reported forms of elder abuse in Alberta.

Diligence doesn’t retire.  Protect yourself and check first.

HOW SAFE IS YOUR NEST EGG?

TAKE THE QUIZ & WIN

Taking this quiz can help you determine if you are on the right track to protecting your financial future.

Take the quiz before Friday, June 29, 2018 at 12:00 p.m. to be entered to win one of five $50 Visa gift cards. Contest is open to Alberta residents 55+ years of age only.

Click here to view Official Rules and Regulations.

Tools to protect seniors from fraud

The ASC has developed a collection of senior-focused resources to help seniors, and the people close to them learn ways to spot and stop elder financial abuse.

June is seniors' month

June is an important month for seniors in Canada as Senior Week runs from June 1 to 7, 2018 and World Elder Abuse Awareness Day is held on June 15, 2018. During this time, the ASC is reaching out to Alberta seniors to help them improve their financial literacy, empower them to make wise investment decisions and be aware of the signs and symptoms of financial fraud.

We will be at the following events to engage with seniors and their families about financial literacy:

June 8, 2018

St. Paul’s Family & Community Support Services Seniors Outreach
12:00 p.m. to 3:00 p.m. | Presentation at 12:30 p.m.
St. Paul, Alberta

June 23 & 24, 2018

Calaway Park Grandparent’s Weekend
10:00 a.m. to 7:00 p.m.
Calgary, Alberta

Mabel’s fraud testimonial

Despite being cautious and experienced, Mabel was pressured into making an investment she never had a good feeling about. Watch Mabel describe her experience of losing her investment to a con artist.

Learn more about how to protect yourself

When it comes to investing, you can never have too much information. Explore our investor protection section to learn more about how to protect yourself from fraud.