In the ongoing movement to protect older consumers, the Insured Retirement Institute (IRI) has unveiled a new web-based resource center focused on protecting older investors.
The IRI’s move follows a similar initiative by the federal government to prevent and combat elder abuse and financial exploitation through web-based efforts.
“The population of people aged 65 and older is one of the fastest growing cohorts in the United States,” said IRI President and CEO Cathy Weatherford. “As this group continues its record expansion, it will necessitate the availability of information for financial services professionals and consumers regarding issues specific to older Americans.”
The IRI site provides resources for consumers to protect against being the victim of financial abuse; an interactive map to find local resources; tip sheets for financial advisors; and regulatory notices and guidance.
To continue dialogue on the issue, the IRI also announced it will host the “Older Investors Summit: Strengthening Financial Security for Older Americans.” The event will take place in New York on Jan. 28 at the MetLife Conference Center.
Access the resource center here.
Written by Emily Study