TORONTO--Heritage Education Funds Inc. (Heritage), one of the leading providers of Registered Education Savings Plans (RESPs) in Canada, today announced a change to better benefit subscribers and beneficiaries of their Impression Plan.
At a special meeting of subscribers, held on July 31, 2014, a strong supporting vote by unit-holders in the Impression Plan was in favour of the proposed plan change to expand the Plan’s investment policy. This change will allow for income earned in the Plan to be invested in a selection of defined equities, which is expected to result in a higher rate of return for the Plan’s portfolio. Subscribers’ contributions and government grants will continue to be invested in lower-risk securities.
“With this plan change, we hope to deliver better value to our subscribers and beneficiaries over the lifetime of their investment”, said Onofrio Loduca, Chief Executive Officer, Heritage Education Funds Inc. “Overall, our investment goal is intended to preserve subscribers’contributions and government grants through lower risk investments and, at the same time, deliver a positive return over the life time of the plan through diversification of products and market exposure.”
An RESP from Heritage can help your family prepare for your child’s future. For more information, contact your local Heritage Education Funds representative or our Customer Care team by email at CustomerCare@HeritageRESP.com, or by phone at 1.800.739.2101.
About Heritage Education Funds Inc.
Heritage Education Funds Inc. is one of Canada’s leading providers of Registered Education Savings Plans (RESPs) and is the distributor of the Heritage and Impression Plans. Heritage’s objective is to encourage parents, grandparents and other interested adults to save for a child’s post-secondary education through a planned education savings program.