AMF Household Savings Newsletter - No. 25 - October 2017

The AMF and the French Prudential Supervisory Authority (ACPR) have made protecting vulnerable people as the elderly and protected adults one of their priorities. They have conducted a survey to get a better understanding of the quality of the relationships that exist between the legal representatives of the protected adults, the protected persons themselves and their financial service providers (mainly banks and insurers). The survey highlights the risk of direct marketing to these individuals and also points out that the digitization of financial services risks leaving an ageing population behind.