Foresters and banks are to help Canadian borrowers save more for retirement by offering financial advice on retirement planning, the country’s largest banks said Friday.
Forests and banks have already started offering the services of a wealth management and retirement planning adviser, the National Association of Bank Supervisors (NABTS) said in a news release.
The association, which represents Canada’s biggest banks, said its members are currently working with other financial services firms and the federal government to create a network of advisers and advisers who can help borrowers achieve financial independence.
The associations website said NABTS is now working with a national financial adviser and its members have a list of more than 300 advisers and advisors who can offer the services.
Foresters Financial Services said it will be working with financial advisers and investment managers to help Canadians save for their retirement.
“We are working with all of our financial institutions to ensure that Canadians can make the most of the financial information they need to plan for their futures, and also ensure that our members can provide the best services and services to help our members achieve financial security and achieve financial autonomy,” spokesman Chris Gaudette said.
“Our members are very well-positioned and our services are in high demand.
We are excited about this partnership and we are very committed to helping our members and our communities achieve financial empowerment.”
Forests, banks also expected to join in the effort to provide financial advice, as well As a member of the NABOTS, Forests Financial Services is also the financial advisor for the National Federation of Independent Businesses and is working with the government and private sector to help Canada’s financial sector better understand and implement the latest technology.
“Forests Financial Service has always been committed to providing its members with financial services of the highest quality, and it is with this commitment that we will be able to provide our members with the best and most comprehensive advice,” Gaudettes said.
The National Federation for Independent Business says it’s committed to supporting Canadian businesses by providing free financial advice.
“Businesses can access the full range of advice that is offered by the Forests Investment Advisor,” the federation said in an emailed statement.
“By providing financial advice through an independent financial adviser, Foresters will be better positioned to help its members achieve their financial goals, and make better choices when making those choices.
Forester Investment Advisors has a proven track record of providing financial services that meet their clients’ needs, and they have worked closely with their members and the public to provide the financial services they need.”