Knowledge First Financial announces a 0.2% management fee increase to its Family Single Student Plan
Despite the increase, the Family Single Student Plan's management fee remains very competitive within the RESP industry.
TORONTO, June 30, 2022 /CNW/ - Knowledge First Financial today announced an increase to its Family Single Student Plan management fee, effective July 1, 2022.
Rising 0.20% from 0.79% to 0.99%, the increase will be used to offset increased plan administration costs brought on by a significant rise in inflation, while helping to improve the overall customer experience through value-added services and new digital capabilities.
Despite the change, Knowledge First Financial and its Family Single Student Plan's management fee remains very competitive within the RESP industry.
Knowledge First Financial Inc. is Canada's largest registered education savings plan company. With over $6.0 billion in assets under management, the company is committed to empowering students by giving them the resources they need to financially and mentally succeed along their academic journeys. As a wholly owned subsidiary of the Knowledge First Foundation, a not-for-profit Canadian corporation, the company manages over 600,000 RESPs for customers, helping approximately 60,000 students through post-secondary studies each year. Since 1965, the company has paid out approximately $8.2 billion to subscribers and students through their plans.
SOURCE Knowledge First Financial Inc.
Michael Jesus, Sr. Manager, PR & Communications, E: [email protected], P: 647-783-1807
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