Group retirement and savings

You’ve got clients to support. We’ve got experts who can provide plan recommendations, help you understand industry trends and more.

Help your clients from the moment they start working with you. We offer education sessions for plan sponsors and members, regular service meetings, and more.

We’ll help you deliver annual reviews and provide governance support to plan sponsors, giving you more time to build and manage strong client relationships.

Convenient to set up and administer, a Group RRSP is a cost-effective way to help employees save for their retirement. The plans are not subject to provincial pension legislation, so regulatory reporting is minimized, and we complete all filings for the Canada Revenue Agency. Employer contributions are tax deductible and can be changed or adjusted at the discretion of the plan sponsor.

A flexible and tax-effective group retirement and savings solution that helps motivate and reward employees. The plan offers a sense of ownership and promotes loyalty by sharing the organization’s profits. Employer contributions are tax deductible and can be changed or adjusted at the discretion of the plan sponsor.

A defined contribution plan is a registered pension plan (RPP) where both the employee and plan sponsor contribute a set amount each year. The amount of pension income an employee earns is based on the contributions and investment earnings.

A defined benefit pension plan guarantees employees a specific monthly benefit at retirement. Employees may or may not contribute to the plan depending on the plan design. The employer contribution is determined by periodic actuarial valuations and will vary depending on several factors including the benefit formula, age of the employee group, employee earnings, investment performance and interest rates among others. The employer assumes the investment risk and any shortfall required to deliver on the guaranteed employee benefit promise is the responsibility of the employer.

A diversified investment solution to support employers with the management of their pension plan assets. We offer a variety of options that address the investment goals of employers, including growth, capital protection and liability-driven solutions. Our solution bundles custody, investments and pensioner payments to make oversight and administration convenient for the employer.

A Group TFSA is a savings plan that is commonly used in combination with a group retirement savings plan to assist employees with their savings goals. They’re also available as a standalone plan. Contributions are not tax-deductible, however, the income earned is tax-free. The annual contribution limit is indexed to inflation and unused contribution room can be carried forward indefinitely for greater growth potential. Withdrawals from a Group TFSA does not affect eligibility for federal plans (Old Age Security and Guaranteed Income Supplement). The plans are not subject to provincial pension legislation, so regulatory reporting is minimized, and we complete all filings for the Canada Revenue Agency.

An arrangement made between a plan sponsor and their employee where the employee postpones receiving a portion of their salary to a later year.

A plan that helps employees turn their retirement savings into retirement income. Plans can include Registered Retirement Income Funds (RRIFs), Prescribed Registered Retirement Income Funds (PRRIFs), Life Income Funds (LIFs), Locked-in Retirement Income Funds (LRIFs), Variable Benefits and annuities.

A group annuity is a way for pension plan sponsors to provide their plan members with guaranteed income while minimizing the financial risk associated with their defined benefit pension plan.