The Autorité des marchés financiers is advising consumers to consider their financial planning objectives, and to check registration, when investing in RRSPs.

On Monday, the AMF published a checklist for investors that encourages them to do some homework before making their annual RRSP conributions.

“Contributing to an RRSP is one of the best ways to save for retirement, yet many consumers do so without giving this much thought,” noted Anne-Marie Poitras, AMF superintendent, client services and compensation. “Consumers who want to invest in an RRSP would do well to consider financial planning first.”

Among other things, it advises consumers to ensure they are dealing with registered firms an advisors, and to ask for full disclosure on any investment being offered and read it carefully.

“The AMF can help consumers with their savings by giving them access to relevant and objective information presented in clear language,” said Poitras.