Survey highlights gender gap in use of financial advisors

first_img Related news The secret of client retention Women are more worried than men are about financing retirement, and are more likely to use financial advisors, suggests new research released Tuesday by the Ontario Securities Commission (OSC). The report from the regulator’s Investor Office details the results of a survey of Ontarians aged 45 and older on financial knowledge, attitudes, and behaviours towards retirement planning. Among other things, the research found a gender gap when it comes to the use of financial advisors. According to the survey, 45% of female respondents say that they need an advisor to help plan for retirement, and 69% are actually using an advisor. That compares with 39% of men who say that they need an advisor to plan, and 62% that actually use an advisor. Conversely, men are much more likely to go it alone when it comes to investing. The survey found that 32% of men say they use an online discount brokerage, compared with just 17% of women. Men are also much more likely to do their own investment research. The research also found a gap in how women and men view their financial knowledge. “Compared to men, women report that they are less knowledgeable and more stressed when it comes to retirement savings,” the report says. Indeed, just over half of men say that they have “good” or “excellent” financial knowledge, compared with just 27% of women. This gender gap in reported investment knowledge, “persists in all age groups,” the report says. Women are also more concerned about retirement, and are more worried about running out of money, it adds. Overall, the top financial concerns for survey respondents are retirement-related, “including having enough money for retirement, planning and saving for retirement, and maintaining a quality of life in retirement,” the report says. Beyond that, 13% of respondents also worry about funding their current expenses, 10% stress about their debt levels, and 9% are concerned about investment performance, growth and protecting capital. Amid these retirement worries, the report indicates that many Ontarians are planning to use their homes to help fund their retirements. The survey found that 37% of homeowners 45+ say “they are relying on the value of their home increasing to provide for their retirement.” “This approach to retirement planning can be sustainable so long as residential properties maintain or increase in value. However, to the extent Ontarians 45+ are overestimating their ability to finance their retirement using their homes, or if there is a downward pricing correction in Ontario’s housing market, a number of Ontarians 45+ may be at risk of not meeting their retirement savings goals,” the report warns. “The smaller the amount of investment savings, the more likely the pre-retiree is to rely on an increase in their home’ value to finance their retirement,” the report says. “Owning a home is not a substitute for retirement planning,” says Tyler Fleming, director of the OSC’s Investor Office, in a statement. The research was carried out for the OSC by Innovative Research Group Inc. The results are based on an online survey of 1,516 Ontarians, aged 45 and older, between May 9 and 16. The research will be used to support the development of its seniors strategy, the OSC says. Photo copyright: wavebreakmediamicro/123RF Earnings surge for Great-West Lifeco in Q4 James Langton Keywords Retirement,  Value of adviceCompanies Ontario Securities Commission Snowbirds win legal battle to reinstate out-of-province medical coverage Survey finds Canadians aren’t sure how much they’ll need for retirement Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Warning issued after further sightings of harmful jellyfish on Donegal beach

first_imgHomepage BannerNews Harps come back to win in Waterford Facebook A warning has been issued by Mulroy Coastguard after a lion’s mane jellyfish washed up on Downings beach at the weekend. The harmful sting of the jellyfish has been known to cause severe pain and anaphylactic shock.The coastguard is urging the public to be cautious, stay clear of the jellyfish and report any further sightings to beach lifeguards. Arranmore progress and potential flagged as population grows WhatsApp WhatsApp By News Highland – July 31, 2017 Pinterest Warning issued after further sightings of harmful jellyfish on Donegal beach Twitter Journey home will be easier – Paul Hegarty center_img Important message for people attending LUH’s INR clinic Google+ News, Sport and Obituaries on Monday May 24th Previous articleSport Ireland launch investigation in missing drug test samplesNext articleMcClean is race to be fit for Ireland Qualifiers News Highland Twitter Pinterest DL Debate – 24/05/21 Facebook RELATED ARTICLESMORE FROM AUTHOR Google+last_img read more

Link Microtek to Handle L3 Narda-ATM’s Range of Microwave Components in UK & Ireland

first_imgRF and microwave component specialist, Link Microtek, has signed a representation agreement with L3 Narda-ATM. Under the agreement, Link Microtek will handle the US-based manufacturer’s entire range of waveguide and coaxial components in the UK and Ireland.Formerly known as Advanced Technical Materials Inc. prior to its acquisition by L3 Technologies early in 2016, L3 Narda-ATM manufactures waveguide components such as transitions, adapters and couplers, together with a variety of coaxial products, including attenuators, phase shifters, power dividers, couplers and terminations.This latest development expands Link Microtek’s product portfolio with a comprehensive range of components that includes many specifically designed for use in cutting-edge Ka-band systems, as well as a number that are qualified for space flight.last_img read more

John Gagliardi Retires as St. John’s Football Coach [AUDIO]

first_img Auto (360p) 1080p HD About Connatix V56892 360p St. John’s football coach John Gagliardi has retired as head coach after 60 seasons and 489 victories at age 86.  Gagliardi is the all-time winningest coach in college football history.  The Johnnies were 5-5 overall and 3-5 in the MIAC in 2012.Gagliardi says in a release “Seventy years (60 at SJU) is a long time to be doing the same job,” Gagliardi said. “Luckily, I’ve always been blessed with great players, friends, family and support to make it this far. Nobody ever said that getting older was easy. I just can’t do the job at the level I used to anymore.” 720p HDcenter_img Visit Advertiser website GO TO PAGE Skip About Connatix V56892 1/1 Gagliardi coached four national championship teams (1963, 1965, 1976 and 2003), and made the 2000 national title game.St. John’s will be looking for a new head football coach for the first time in 60 years.  Some possibilities to replace Gagliardi include Eden Prairie head football coach Mike Grant, St. John’s Assistant Coaches Jim Gagliardi, Jerry Haugen and Gary Fasching.St. John’s Athletic Director Tom Stock says they have begun a national search and hope to have a new head coach in place by Christmas.  Stock says it’s important for recruiting and the future of the program to move quickly to hire a replacement.  Stock talked with Jay Caldwell on AM 1240-WJON Monday Morning.last_img read more