Archive: Jun 2015

IFB partners with Prosper Canada on its MPower Money Coaching Program

24th Jun 2015

IFB Staff

IFB partners with Prosper Canada on its MPower Money Coaching Program

Independent Financial Brokers is proud to be part of a new initiative launched today by Prosper Canada. The MPower Money Coaching Program, developed by Prosper Canada, will be delivered in partnership with the City of Toronto’s Employment and Social Services department. The program aims to help low-income individuals to improve their financial literacy while setting, planning, and achieving their personal finance goals. Participating low-income individuals will receive support from volunteer professional financial planners, who have been trained on providing coaching to low-income earners. Over the next year, the 50 volunteer advisors will work with 100 low-income participants to help them: – Set financial goals and create a financial plan – Form a personal/household budget – Increase savings and reduce debt […]

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OSC publishes report on Seniors’ Financial Needs and Challenges

02nd Jun 2015

IFB Staff

OSC publishes report on Seniors’ Financial Needs and Challenges

Expect the Unexpected: Older Canadians Share Their Financial Lessons OSC Releases Key Findings on Investor Protection for Seniors TORONTO – Today the Ontario Securities Commission released The Financial Life Stages of Older Canadians, a targeted research study on seniors’ financial needs and challenges. The research found that almost six out of 10 older Canadians experienced a major life event that challenged their prior financial plans (such as a loss of investments or income) and that fraud impacts approximately 60 out of every 1,000 older Canadians. Based on online survey interviews with 1532 Canadians aged 50 and over, this report delivers on a commitment in the OSC’s Statement of Priorities to be more responsive to senior investors. The report also builds on previous […]

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