The Financial Supervisory Service will recruit participating organizations for the "FSS Senior Finance Academy" to prevent financial fraud damage among older adults and reduce digital finance exclusion.
According to the Financial Supervisory Service (FSS) on the 8th, education managers at senior communities such as senior classes and lifelong learning centers can apply for the program on the FSS e-Finance Education Center website through the 18th. The minimum number of applicants per community is 10.
The program will run from the 28th to Dec. 11, with a finance expert instructor visiting each applying institution in person. The Financial Supervisory Service (FSS) divided the curriculum into those in their 50s and 60s and those in their 70s and 80s, considering differences in financial needs and capabilities by age.
The course for those in their 50s and 60s consists of four sessions and covers post-retirement asset planning and expenditure management, pension withdrawal strategies, investment risks, and how to prevent financial fraud. The course for those in their 70s and 80s consists of six sessions and provides instruction on managing assets in later life, preventing voice phishing and smishing, and using digital finance such as internet banking and kiosks. Each session lasts two hours.
The Financial Supervisory Service (FSS) conducted on-site education 103 times in total for 2,721 people from December last year to June this year. In the second half, it reflected on-the-ground feedback to improve the lecture materials to be image-focused and strengthened hands-on practice using individual workbooks.