On March 20, 2018, the Ontario Securities Commission (OSC)
published a report titled Seniors
Strategy. The report develops initiatives and an action plan to
better protect senior investors in Ontario. The report is the
culmination of extensive research and data collection by the OSC,
as it recognizes the growing challenges facing older investors.
Babin Bessner Spry's own Ellen Bessner served on
the Seniors Expert Advisory
Committee that consulted with the OSC in
developing its Seniors Strategy.
Why Seniors? According to a November 2017 report by the
Government of Ontario, people aged 65 or older will comprise 25% of
Ontario's population by 2041. As people age, they experience
health, mobility and cognitive changes that may affect their
ability to make sound judgments, and leaves them more susceptible
to financial exploitation and fraud. At the same time, the OSC
recognizes that seniors are not a homogeneous group, and that not
all seniors have the same level of
