Their preference for banks, relative to men, may explain this to some extent, as women tend to use banks more than men do when it comes to financial planning. Women not only like counselling attention, but they also attend to details and want their needs to be understood. In fact, women prefer more in-person contact than men do. Women also like it when their financial advisor takes the initiative to make contact, which suggests a preference for detail and relationship building. Much of the emphasis for women is planning and detail whereas men prefer action.
Women prefer planning advice slightly more than men.
A good number of people contribute monthly with only a third making a lump sum payment at RSP year end. For example, over a third of RSP holders contribute on at least on a monthly basis either via payroll deduction or pre-authorized chequeing. Another third make a lump sum payment at the end of the tax year, just before the end of the contribution deadline. The graph is displayed at the end of the report. None of the above implies that people are contributing the maximum to their RSP portfolios by any means.