금융상품 판매에 있어 고령소비자보호 방안

Abstract

The low interests economic policy in the trend of deregulation, merger and acquisition, taking up a sideline and globalization make demand of complicated packaged financial products such as derivative which has high risk as well as high interest. These products give many chances of profits involved in investment to consumers but, they also present negative aspects of consumer rights abuse due to asymmetric market information and bargaining power imbalance. Nowadays, most of the old-aged consumers go to commercial banks. However, they are exposed to serious damage more than ever since the banks are selling various products like equity-linked insurances, funds and subordinated bonds which never guarantee principal at all. It is very common that the old-aged consumers buy these financial products because they think those products as general deposits or installment savings that provide a little bit higher interest rate due to the incomplete sales of financial products. In addition, the financial companies bankruptcy recently bring the loss of their principal in subordinated bonds sold by most of savings banks. Therefore, I would propose the solution for this situation by analyzing financial loss of the old-aged consumers with incomplete sales of financial products mainly around banks.