Forty-four percent of retirees still do not know how they will convert
their savings into retirement income.(1)
MONTREAL, Oct. 25 /CNW Telbec/ - Desjardins Financial Security is
entering a new age in retirement planning solutions with the launch of Helios,
its new Guaranteed Investment Fund Contract, on October 29, 2007. Helios
offers an a la carte approach to retirement planning that allows investors to
design their own guarantees based on events in their lives, and to protect
their capital. One of these solutions is the Guaranteed Minimum Withdrawal
The Guaranteed Minimum Withdrawal Benefit
To help future retirees plan their retirement income more effectively,
Helios provides the Guaranteed Minimum Withdrawal Benefit (GMWB). This option
is attractive to clients who wish to take advantage of market returns during
the active part of their retirement years while benefiting from a predictable
and guaranteed income. The GMWB option can be added to the client's portfolio
at any time, when it is needed the most, and pay the client an income of up to
7%, the highest on the market for a maximum of flexibility.
"Today, one in three Canadians is a baby-boomer. Their expectations in
terms of investments have changed considerably compared to the previous
generations, especially when it comes to capital security," explains Claude
Paré, Senior Director, Product Development and Marketing, Individual Savings,
at Desjardins Financial Security. "Today's investors want to maximize their
investment dollars and at the same time protect their assets against market
Retirees rely on financial institutions to come up with products and
services that will help them achieve their objectives. According to the 2006
edition of Desjardins Financial Security's annual survey on retirement, only
56% of retirees had a plan to convert their savings into retirement income.
That means that the remaining 44% of the retirees surveyed still did not know,
because they lacked either the interest or the expertise, how they were going
to change their savings into retirement income.
The Helios Contract
What makes Helios different is its a la carte formula, its broad
selection of funds and, more specifically, its ability to adapt to life's
events. For example, an investor can choose between three different capital
security guarantees that offer protection at maturity and death of up to 100%
of the capital over a 10-year period. It includes 31 investment funds
diversified across all asset classes.
With the Helios Contract and the Guaranteed Minimum Withdrawal Benefit
option, Desjardins Financial Security is among the first financial
institutions in Canada to actively combine innovative accumulation and payout
strategies to better meet the needs of future generations of retirees.
About Desjardins Financial Security
Desjardins Financial Security, a subsidiary of Desjardins Group, the
largest integrated cooperative financial group in Canada, specializes in
individual and group life and health insurance, as well as retirement savings
products and services. Every day, over 5 million Canadians rely on Desjardins
Financial Security to ensure their financial security. The Company employs
more than 3,700 people and administers over $22 billion in assets from offices
in several cities across the country, including Vancouver, Calgary, Winnipeg,
Toronto, Ottawa, Montréal, Québec, Lévis, Halifax and St. John's.
(1) 2006 Desjardins Financial Security National Retirement Survey.
For further information:
For further information: Isabelle Truchon, Desjardins Financial
Security, (514) 350-8700, ext. 8668, firstname.lastname@example.org;