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A Year of Rate Hikes: Ontario Car Insurance Rates Have Increased Again Jan 15th
Here at RateSupermaket.ca, we keep you in the loop of different ways to save, whether it be on your mortgage, through investments, or on your car insurance. The Financial Services Commission of Ontario (FSCO) has reported that Ontario car insurance rates have increased by 3.35 per cent on average..... More »
5 tips for saving money on insurance costs Oct 14th
Saving money on insurance isn’t as big of a task as you might think. At first, it can feel overwhelming to navigate your insurance bill, looking for ways to reduce your premiums (and future costs too!). But the truth is, by making simple changes to your insurance policies and as well as handling a.... More »
Climate Change Is Influencing How Young People Invest Their Money Jul 11th
The climate crisis and its effects are front of mind for many Canadians. A recent Ipsos study found that 73 per cent of Canadians believe the world is headed towards environmental disaster, unless there’s an effective transition away from fossil fuels and a significant reduction in greenhouse gas .... More »
What is comprehensive insurance and what does it cover? + MORE May 23rd
Comprehensive insurance essentially covers you for things that happen to your car that aren’t caused by you or another driver. Think of it this way: If collision insurance covers you for accidents, comprehensive insurance covers pretty much everything else that could happen to your vehicle. It pro.... More »
What is renters insurance and how does it work? We make it make sense + MORE Jun 8th
While many people are under the assumption that their landlord’s insurance will protect them, there are actually big differences to be aware of, said money expert Jessica Moorhouse..... More »
A Vote to Leave campaigner holds a placard as the leader of the United Kingdom Independence Party (UKIP), Nigel Farage, campaigns for votes to leave the European Union in the referendum on May 25, 2016 in Bolton, England.(Christopher Furlong/Getty Images)The political left, especially in post-9/11 America, has long found itself pulled rightward out of fear and pragmatism, and into the political framework of centrism. It’s a fear that resisting the surveillance state and the prosecution of endless war could cause them to be blamed, should another massive terrorist attack succeed on American soil. And that pragmatism comes from the conventional wisdom that embracing the “identity politics” of feminism and racial equality would only alienate mainstream voters.
It’s a neoliberal doctrine that often presents solutions to social problems through the lens of capitalist interests. Barack Obama’s Affordable Care Act, for example, was sold as an expansion of coverage that would leave the profits of the insurance and health-care industries intact…
How to evaluate your Group Savings Plan at work
– moneysense.ca
Q. I have been registered with an insurance company through my employer since 2001. At the present time, I have about $50,000 in my plan. I pay 3% and my employer matches 3%. My concern is that I’ve noticed that the insurance company is charging me a high amount in management expenses.
Every month I put in about $100 and my employer matches it. However, the insurance company charges me between $75 to $80 a month in expenses. Is this an appropriate amount or am I being overcharged? I’m in a defined contribution plan in a target-date mutual fund. — Renee
Investment fee disclosure has always been terrible in Canada, Renee. And not surprisingly, poor disclosure and high fees are positively correlated. The less consumers know, the more the financial industry can gouge them.
Recent changes—so-called CRM2—have provided a modest improvement for many retail investment accounts. I still think the disclosure is deceptive and favours the financial industry over the consumer.
Assuming the $75 to $80 per month in expenses is a true representation of the all-in expenses for your investments, this would equate to about 1…
Every month I put in about $100 and my employer matches it. However, the insurance company charges me between $75 to $80 a month in expenses. Is this an appropriate amount or am I being overcharged? I’m in a defined contribution plan in a target-date mutual fund. — Renee
Investment fee disclosure has always been terrible in Canada, Renee. And not surprisingly, poor disclosure and high fees are positively correlated. The less consumers know, the more the financial industry can gouge them.
Recent changes—so-called CRM2—have provided a modest improvement for many retail investment accounts. I still think the disclosure is deceptive and favours the financial industry over the consumer.
Assuming the $75 to $80 per month in expenses is a true representation of the all-in expenses for your investments, this would equate to about 1…
