DALBAR Awards Desjardins Top Marks for its Group Pension Plan Statement

LÉVIS, QC, Jan. 20 /CNW Telbec/ - The Desjardins Financial Security group pension plan statement took Canada's first place in DALBAR's Trends and Best Practices in Defined Contribution Pension Plan Statements report.

In 2010, in the interest of education, one of its core values, Desjardins Financial Security (DFS) redesigned its group pension plan statement to make it easier to understand. With easy-to-read performance graphs, simpler language and better defined investment objectives, Canadians now have a clearer picture of their retirement savings strategy.

This initiative is part of the Your way, plain and simple program, which encourages participants to become actively involved in the management of their group retirement savings and their investments, and to take steps to build their savings and better prepare for retirement.

"It's very important that Canadians take an interest in planning their retirement and it's our job to help them. We conducted several studies to gain a better understanding of the needs of pension plan participants and the difficulties they were encountering. Our goal was to remedy the situation," said Maryse Gagnon, Marketing Manager for Group Retirement Savings at Desjardins Financial Security.

The new DFS statement launched in 2010 is one the latest tools in retirement planning, seamlessly blending its educational and savings incentive goals into an appealing format. And this is just the beginning: Desjardins Financial Security fully intends to continue its pursuits in this area. New products and services designed to improve participants' experience with their plans are already in the works.

DALBAR, Inc. is a leading financial services research firm with offices in Toronto, Boston and the U.K., specializing in measuring the performance of institutions and financial professionals in areas such as client satisfaction, service quality and communications effectiveness. 

About Desjardins Financial Security

Desjardins Financial Security, a subsidiary of Desjardins Group, the largest cooperative financial group in Canada, specializes in providing life insurance, health insurance and retirement savings products to individuals and groups. Every day, over five million Canadians rely on Desjardins Financial Security to ensure their financial security. Desjardins Financial Security employs some 3,800 people and administers $25.5 billion in assets from offices in several cities across the country, including Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montréal, Québec City, Lévis, Halifax and St. John's. For more information, visit the Website at www.desjardinsfinancialsecurity.com.

SOURCE DESJARDINS GROUP

For further information:

Source (for journalists only):
Caroline Phémius
Media Relations Advisor
Desjardins Group
514-281-7000 or 1-866-866-7000, ext. 7646
caroline.phemius@desjardins.com

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