New Web-Based Hub Addresses Diminished Capacity Detection and Financial Elder Abuse Prevention
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today unveiled a new web-based resource center focused on protecting older investors. The site, which is tailored toward financial professionals and consumers, features the latest information and research regarding diminished capacity detection and financial elder abuse prevention.
“The population of people aged 65 and older is one of the fastest growing cohorts in the United States,” IRI President and CEO Cathy Weatherford said. “The U.S. Census Bureau projects that this group will nearly double in size by 2050 – largely as a result of aging Baby Boomers – increasing to nearly 84 million Americans. 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. IRI has compiled the best resources from nonprofit groups, regulators and government agencies to create a one-stop shop focused on protecting older investors.”
The IRI resource center on protecting older investors is available here. The site includes:
- Resources for consumers to protect against being the victim of financial abuse
- An interactive map to find local resources to protect older consumers who may be the victim of financial elder abuse
- Tip sheets for financial advisors on spotting signs of diminished capacity and financial elder abuse
- Regulatory notices, guidance and reports for financial services firms on interacting with older clients
IRI Older Investors Summit: Strengthening Financial Security for Older Americans
To establish dialogue on these issues with various stakeholders – including industry representatives, public policymakers, and academics – IRI also announced that it will host the IRI 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.
For more information on the IRI Older Investors Summit, click here.
About the Insured Retirement Institute
The Insured Retirement Institute (IRI) is the leading association for the retirement income industry. IRI proudly leads a national consumer coalition of more than 30 organizations, and is the only association that represents the entire supply chain of insured retirement strategies. IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement. Learn more at www.irionline.org.