People need to recognise that if a scheme looks too good to be true, it probably is. They should take advice, before investing their lifetime’s savings.
Promoting banking access to the uneducated and retirees should be a foremost priority for the banking sector, eventually resulting in benefit for both parties, but basic education about banking, its risks and advantages is clearly needed as part of the package. So too is the need for better surveillance by banks and regulators. (More on this issue)  IV.