A ceremony was held today to launch the new Wealth Intelligence for Smart Elders Course (WISE Course) under the Elder Academy (EA) Scheme, which aims to strengthen elderly learners’ financial management knowledge.

The course is expected to be implemented in about 60 EAs during the 2024-25 school year, with planned expansion to approximately 180 EAs over the next three years.

Aside from assisting seniors in making retirement-related financial arrangements, the purpose of the course is to help them to enhance their understanding of daily fintech applications and awareness of online fraud.

While addressing those gathered at the ceremony, Under Secretary for Labour & Welfare Ho Kai-ming said that in an effort to encourage the elderly to actively embrace retirement and integrate into the community, the WISE Course will help equip them with knowledge, strengthen their confidence in proper financial planning, and assist them with utilising fintech in their daily lives.

About 200 people participated in today’s ceremony.

With about 200 EAs in primary, secondary and post-secondary institutions across the city so far, the scheme is expected to provide around 15,000 learning places in 2024-25.