Most Parents Confused About RESP Investment Options

By: Roma Luciw | The Globe and Mail | September 22, 2012

Read More, and see what Scott Plaskett says about registered education plan options.

Registered education savings plans have been around in their current form for 14 years but a new survey shows the vast majority of parents are still confused about what types of investments they can hold within the educational nest eggs.

A survey released Tuesday by Bank of Montreal found that 93 per cent said they were not aware that cash, mutual funds, guaranteed investment certificates (GICs), stocks, exchange-traded funds (ETFs) and bonds are all eligible for an RESP…

registered education plan options