Industrial Alliance adds the Pooled Registered Pension Plan (PRPP) to its range of group retirement plans
QUEBEC CITY, Jan. 15, 2013 /CNW Telbec/ - Industrial Alliance is pleased to announce that it will be offering the new Pooled Registered Pension Plan (PRPP) as soon as the government gives the green light.
The PRPP is a new multi-employer group retirement plan designed by the federal government to help Canadians save for retirement. The PRPP is intended for companies under federal jurisdiction who can offer it to their employees on a voluntary basis.
The fact that Industrial Alliance is adding the PRPP to its range of group retirement plans as soon as it is launched once again illustrates the company's commitment to growing its group savings and retirement business across Canada. This business line has seen very significant growth right across the country over the past decade.
"We are constantly updating our product offering to always meet our clients' needs and establish ourselves as a leader in the Canadian group retirement market. There can be no doubt—our main focus is our clients! That's why we do everything possible to make all new products available to them as fast as we can. By adapting our product line, we ensure that it's always on the cutting edge. Innovation, accessibility, flexibility and service are at the core of our strategy!" says Renée Laflamme, Vice-President, Group Savings and Retirement.
In adding the PRPP to its group retirement plan line-up, Industrial Alliance continues to support government initiatives to help Canadian workers save more for their retirement while positioning itself as a premier service provider in Canada.
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. is a life and health insurance company with operations in all regions of Canada as well as in the United States. The Company offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services for both individuals and groups. The fourth largest life and health insurance company in Canada, Industrial Alliance contributes to the financial wellbeing of over three million Canadians, employs more than 4,200 people and manages and administers more than $80 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
SOURCE: INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.For further information:
Pierre Picard, Public Relations Manager
Office: 418 684-5000, ext. 1660