Suddenly-Single Women Need Financial Help and Advice
Jeff Berman, in an August 5, 2019 article on ThinkAdvisor.com, reports that women recently divorced or widowed are in special need of financial advice. Divorce in older women is becoming more commonplace, and women still outlive men, meaning there is a growing population of single older women.
Financial institutions would do well to consider providing services and products to a growing market in older single women. Providing services to a specialty group requires well thought out policies and procedures to assure protections are in place and that regulations are adhered to.
TCT Risk Solutions provides Compliance and Policy Preparation services that aid small credit unions in meeting regulatory compliance issues and help draft effective policies.