금융투자상품 불완전판매와 고령투자자 보호방안

Incomplete sale of Financial Investment Products and Protection of Older Investors

According to Statistics Korea, Korea has already entered an aging society with 7% of the Population aged 65 and over in 2000. And Korea is expected to enter aged society with 14% in 2017, super-aged society with 20.8% in 2026. Thus, our society is rapidly aging, but the average life is getting longer due to the development of medical technology. Life expectancy is also getting longer because of higher social and economic level. The average life and life expectancy is over 80 years of age in 2015, and 100 years of age is approaching soon. However, retirement age is declining. The average retirement age for Korea workers is only 53 years old. This means that Koreans live more than 30 years after retirement. Therefore, the progress of the aged society will affect household savings, investment and financial asset holdings. After retirement, senior prefer safe assets such as deposits, pensions and bonds. However, senior are getting harder to cover their old-age living expenses due to a rise in prices and low interest rate. Also banks are selling financial products that do not guarantee principal by enforcement of the Capital Market and Financial Investment Provider Act. Older investors often suffer damage on account of incomplete sales of financial companies. The complaints and disputes of Older investors due to incomplete sale of the financial company are increasing every year. Older investors need special protection because they are easily deceived by investors and difficult to recover. Therefore, I would propose the solution for this situation by analyzing the damage of older investors with incomplete sales of financial product.