TORONTO, ONTARIO (November 12, 2019) – CST Spark Inc., a digital-first education savings company, is pleased to announce Bright Plan, a flexible Registered Education Savings Plan (RESP), now available to all Canadians. CST Spark, a subsidiary of the Canadian Scholarship Trust Foundation (CST), is the newest member of the CST family empowering Canadians to achieve their education savings goals through easy-to-use technology on their digital devices, at any time.
“The belief that all Canadians deserve access to higher education sparked a movement for CST. As the creators of Registered Education Savings Plans almost 60 years ago, CST Spark allows us to continue our journey to help more Canadians access the power of education,” said Sherry MacDonald, President and CEO of the Canadian Scholarship Trust Foundation. “Through innovation and technology, our strategy is to continue to deliver education-oriented solutions so Canadian families can ensure their children are set-up for success.”
Bright Plan is the first of its kind and based on an investment strategy built for RESPs. Designed with simplicity and flexibility, the plan invests in a mix of exchange-traded funds (ETFs) that are professionally managed by experienced investment leaders. With a management fee of only 1.5 per cent, Bright Plan focuses on reducing risk and maintaining gains to maximize growth potential according to your child’s age. You can control how much and how often to invest, with as little as $10 a month.
“Investing in your child’s future just takes a few minutes. You can now skip the bank and access your Bright Plan safely, from your laptop, tablet or phone. Our Direct Dealing Representatives are available to answer your questions along the way,” said Bernadette MacPherson, Vice President, Digital Sales at CST Spark Inc. “CST Spark allows us to reach more Canadians while we invest with one goal in mind: that you can pay for post-secondary education.”
With a legacy of innovation and inspired thinking, CST is continuing to evolve to meet the needs of on-the-go families with busy lifestyles. As more Canadians turn to digital investing, CST Spark provides families with peace of mind as they invest in their child’s bright future.
Bright Plan is sold by prospectus only.
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