Conference of Montreal
How will innovative products and technological progress contribute to consumers taking control of their financial well-being?
This was the them of the roundtable organized by HEC Montréal and the RSI on June 10, as part of the 25th Conference of Montreal. Moderated by Bernard Morency, the roundtable brought together Gregory Chrispin, from the Mouvement Desjardins; Adam Felesky, from Portage3; Mark Evans, from Conquest Planning; and Pierre-Carl Michaud, director of the RSI.
The RSI Index combines the responses of 3,000 Canadians aged 35 to 54 to 6 questions of general financial knowledge and 23 program-specific questions on 4 different topics, for a total of 29 questions. For the first edition, the overall index is 36.5%, reflecting a limited knowledge of our multi-pillar system and of certain key concepts.
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On April 12, professor Philippe d’Astous received the Financial Literacy Research Award for a paper presented the day before, during GFLEC’s 5th Cherry Blossom Financial Education Institute which took place in Washington, D.C. The paper, co-authored by Martin Boyer and Pierre-Carl Michaud, is titled “Tax-Sheltered Retirement Accounts: Can Financial Education Improve Decisions?.”