Standard Life launches 2008 edition of Summary of Pension Legislation



    
    - Part of a series of reference documents for administration and
      governance of group savings and retirement plans in Canada

    - One of the first free, user-friendly, comprehensive tools of its kind

    ADDITIONAL INFORMATION:

    1. Summary of Pension Legislation, 2008
    (http://www.standardlife.ca/newsletters/ecommunique/en/pdf/ge10129.pdf)

    2. Comparison Chart for Capital Accumulation Plans
    (http://www.standardlife.ca/en/pdf/group_ret/ge11389.pdf)

    3. Legislation matters, April 2008
    (http://www.standardlife.ca/newsletters/legislation/en/04_2008/)
    

    MONTREAL, June 18 /CNW Telbec/ - The Standard Life Assurance Company of
Canada today announced the publication of the latest edition of its Summary of
Pension Legislation. It has been updated to keep pace with changes in federal
and provincial legislation affecting group pension plans in Canada. First
launched a decade ago, the Summary has become a valuable reference tool for
Canadian organizations. It is the first in a series of publications, including
the Comparison Chart for Capital Accumulation Plans, and Legislation matters.
All three publications are intended for Standard Life's clients who offer
group retirement plans, but are also consulted by leading organizations such
as universities, pension committees, unions, government agencies, industry
associations and human resources consulting firms.
    "As a pioneer in group pensions in Canada, Standard Life's expertise is
recognized and valued, and these publications are some of the steps we've
taken to support our clients with their plan administration, governance and
compliance," said Anthony Cardone, Standard Life's Senior Vice-President,
Group Savings and Retirement. "We are pleased with the response from so many
organizations that tell us how they rely on the Summary. We are convinced that
the Summary, as well as our other publications, provide very helpful and
timely industry information in a reader-friendly format to many stakeholders."
    These publications are developed by Standard Life's Legislation and Plan
Governance team, comprised of pension experts who ensure to stay abreast of
legislative developments in the area of retirement products.
    Introduced in March 2008, the Comparison Chart for Capital Accumulation
Plans provides a straightforward overview of the income tax rules affecting
the various types of accumulation plans - Defined-Contribution (DC) pension
plans, Group RRSPs, Group Structured RRSPs and Deferred Profit Sharing Plans
(DPSPs). It also provides pension requirements of each jurisdiction for DC
pension plans.
    Standard Life distributed the first issue of Legislation matters in April
2008. This new quarterly, electronic newsletter tackles a range of topics,
including changes in federal and provincial legislation, recent court
decisions, best industry practices and commentary by Standard Life pension
experts.
    Requests for copies of the Summary of Pension Legislation and the
Comparison Chart for Capital Accumulation Plans and subscription to
Legislation matters can be done by email to
legislation.matters@standardlife.ca.

    About Standard Life

    In 2008, Standard Life, the first life insurance company to transact
business in Canada, marks its 175th year of operations. Standard Life plc is a
major international financial services group headquartered in Scotland. It
provides asset-managing services for retirement, investment and protection to
some seven million customers globally. It has offices in the United Kingdom,
Canada, Ireland, Germany, Austria, India and China, including Hong Kong.
    The Standard Life Assurance Company of Canada is Standard Life plc's
largest operation outside the U.K., with 2,000 employees based in Montréal and
across Canada, serving more than 1.3 million Canadians, including group
insurance and pension plan participants. (www.standardlife.ca)
    Standard Life plc has approximately 1.5 million shareholders worldwide,
including approximately 14,000 institutional and individual shareholders in
Canada. It has been trading on the London Stock Exchange since The Standard
Life Assurance Company demutualized in 2006. Standard Life plc is listed on
the FTSE 100, Europe's largest index, and on the FTSE4Good Index, which
identifies companies adhering to globally recognized corporate responsibility
standards. (www.standardlife.com)




For further information:

For further information: Ann-Marie Gagné, Standard Life, (514) 499-7999,
ext. 4600, ann-marie.gagne@standardlife.ca

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