Submitted by nsscadmin on
First observed by the United Nations in 2012, World Elder Abuse Awareness Day recognizes that nearly every country across the globe will see a substantial growth in the number of older persons in the next decade. With the population of older persons increasing it unfortunately also leads to an increase in the amount of elder abuse.
Submitted by nsscadmin on
Age alone does not make someone vulnerable or susceptible to financial elder abuse. If you are the child, caregiver or friend of an older adult there are signs to watch for that may indicate someone is vulnerable to financial elder abuse, or that they may already be a victim.
Some of the warning signs that someone may be vulnerable to financial elder abuse include the following.
They are socially isolated, depressed or lonely
Submitted by nsscadmin on
Financial elder abuse is the most common form of elder abuse. As our population continues to get older elder abuse is becoming more common. This may be a major problem in Nova Scotia where the percentage of the population over 65 is greater than the percentage of the population under 15 for the first time ever.
If you are an older adult, or will soon be an older adult, there are ways you can protect yourself and your money from financial elder abuse.
Submitted by nsscadmin on
June is Seniors Month. On the Nova Scotia Securities Commission website, you can find all of our investor education materials and information for seniors in one place – nssc.novascotia.ca/seniors
On this webpage you’ll find basic investing information on a variety of topics including, investment accounts, investment fees, registration, investment risk, financial elder abuse, and more.
Submitted by nsscadmin on
One of our readers has RRSP
Submitted by nsscadmin on
Under securities laws, financial advisers must send their clients several statements during the year. But what are these requirements exactly? Today we’ll outline the minimum statement requirements for advisers and where they can be found in securities law.
Submitted by nsscadmin on
When I was growing up it was common to receive a Canada Savings Bond from a grandparent as a gift on your birthday or for grading. Since Canada Savings Bonds have been phased out, a reader wondered can I give an investment as a gift?
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Last week we answered the question, what happens to my RRIF when I die? That led to a question of a greater scope – what happens to my investments when I die?
Submitted by nsscadmin on
We wrote about Registered Retirement Income Funds (RRIF)
Submitted by nsscadmin on
Last week we wrote about what happens to your shares if a company you’re invested in files for bankruptcy. That led to another question, what happens to the shares in a company if that company merges with or is taken over by another company?
When this occurs one of three things usually happens to shareholders of the soon to be defunct company.