QUEBEC CITY, June 16, 2014 /CNW Telbec/ - 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
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
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.
SOURCE: Industrial Alliance Insurance and Financial Services Inc.
For further information:
Manager, Public Relations
Office: 418-684-5000, ext. 1660