Building Financial Literacy in the Workplace
20 % of Canadians say their biggest financial worry is not saving enough for a financially secure retirement.
Workers can no longer rely solely on government for retirement planning. The public pension plans sponsored by Quebec (QPP) and Canada (CPP) are facing major challenges, and their retirement benefits represent no more than 25% of pre-retirement income. Low interest rates and increased longevity make it increasingly difficult to accumulate the savings required to see individuals through retirement.
Employers can gain an edge by offering a competitive retirement savings plan coupled with the tools to help employees make sound investment decisions.
In Quebec, it is mandatory for businesses with 10 employees or more to implement a retirement savings vehicle.
What We Do
We help you comply with CAP Accumulation Guidelines by negotiating the most competitive investment management fees (IMFs), selecting the best performing funds, and proposing a fund line up that meets the expectations of every investor profile.
- Plan design (VRSP, Group RRSP, DPSP and other Capital Accumulation Plans)
- Request for proposals from record keepers
- Ongoing plan governance
We strive for financial literacy in the workplace ensuring the right plan and tools are in place to educate employees on how to build sufficient savings to see them through retirement.
Types of Group Retirement and Savings Plans
Different Plans for Different Needs