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.

Fraud isn’t on your bucket list. Scam artists prey on worries and dreams about retirement, and leaving a legacy for their families. Protect yourself and check first.

HOW SAFE IS YOUR NEST EGG?

TAKE THE QUIZ & FIND OUT

Fraudsters target seniors because they often have built a nest egg for retirement, or have property or a pension. Seniors may be looking to maximize their investments to help them through retirement and leave money for their children or grandchildren. While anyone can be a victim of investment fraud, seniors have less time to recover from a financial loss.


Taking this quiz can help you determine if you are on the right track to protecting your financial future. After, learn more in our tools section to help you increase your knowledge.

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, 2019 and World Elder Abuse Awareness Day is held on June 15, 2019. 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 6, 2019

Bridgeland Seniors Luncheon
11:30 p.m. to 1:00 p.m.
Calgary, Alberta

June 7, 2019

Kerby Centre Seniors Week Seminar
10:00 a.m. to 12:00 p.m.
Calgary, Alberta

June 7-9, 2019

THIRD ACTion Film Festival
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.