Industrial Alliance Obtains Authorization to Act as Administrator of a Voluntary Retirement Savings Plan (VRSP)
Industrial Alliance is pleased to announce that it has received authorization from the Autorité des marchés financiers (AMF) to act as administrator of a voluntary retirement savings plan (VRSP), the new retirement savings vehicle that will come into effect on July 1, 2014.
The Industrial Alliance VRSP will therefore be available to employers and individuals in Quebec as soon as it has been registered. "At Industrial Alliance, we care about the financial situation of Quebecers. That's why we will soon be offering them this new and beneficial retirement savings solution represented by the VRSP," stated Renée Laflamme, Vice-President, Group Savings and Retirement. The Industrial Alliance VRSP will be a simple, flexible, low-cost solution that will allow thousands of Quebecers to ensure themselves a better financial future.
The VRSP was created by the government of Quebec to help deal with the serious lack of retirement savings across the province. In adding the VRSP to its range of group retirement plans, Industrial Alliance is once again demonstrating its commitment to improving the financial situation of Quebec’s future retirees.
About Group Savings and Retirement
Group Savings and Retirement offers a wide range of products and services adapted to the needs of savings and retirement plan members. It offers savings products, such as defined contribution plans, as well as institutional money management services and disbursement products. It provides its plan members with a large choice of investment options, such as segregated funds and guaranteed interest investments. With regional offices across Canada, the Group Savings and Retirement sector is one of the largest group savings and retirement service providers in the country.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. operates throughout Canada as well as in the United States. The Company offers life and health insurance products, mutual and segregated funds, savings and retirement plans, securities, auto and home insurance, mortgage and car loans and other financial products and services for both individuals and groups. Ranked among the top four life and health insurance companies in Canada, Industrial Alliance is one of Canada’s largest public companies and trades on the Toronto Stock Exchange under the ticker symbol IAG.
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Manager, Public Relations
Office: 418-684-5000, ext. 1660