Momentum is working to improve investor protection for families living on a low-income – specifically around Group Plan RESPs. These products are unsuitable for families living a low-income due to the risk of unaffordability, plan cancellation, and losing one’s investment and government grants. We have seen far too many families lose their money through a Group RESP. We are asking the Alberta Securities Commission to do more to prevent the targeting of sales of Group Plan RESPs to families living on a low-income. We need to capture the stories of families in Alberta who have been impacted by a Group Plan RESP.
Are you able to share your story with us?
We do not need to know any names. All we need to capture is:
- How much did you invest?
- What was your annual income at the time of signing up?
- How you were approached to sign up?
- What trouble you had with the plan (affordability or other), and if you contacted the group plan about not being able to afford the contributions, what options they were given.
- Anything else you would like to share (how much you paid in fees, how much you lost, etc)?
Courtney Mo at Momentum is capturing these stories – over coffee (location of your choice), over phone at 403 220 6180 or email firstname.lastname@example.org Please let us know if you have a story to share. We can offer a $30 gift card to thank you for your time.
Thank you for considering and for sharing this email with anyone you know who has a Group Plan RESP.