MONTREAL, Dec. 12, 2012 /CNW Telbec/ - The Standard Life Assurance
Company of Canada ("Standard Life") today launched the Ideal Segregated
Funds Signature 2.0 to replace the existing Ideal Segregated Funds -
Signature Series. The new Signature 2.0 continues to offer the 75/100
Series and 100/100 Series and introduces a 75/75 Series. In addition to
a new, more transparent fee structure, Signature 2.0 presents investors
with more options to adapt their portfolios to evolving market
conditions. The existing Ideal Segregated Funds - Signature Series
closes to new contracts on January 8, 2013.
Signature 2.0 is suited for investors who want to grow, protect and
diversify their savings and retirement income while managing market
volatility. Funds are offered by in-house and third-party managers and
cover all major asset classes: fixed income, balanced funds, and
Canadian and global equities. The 75/75 Series targets investors who
want to diversify their portfolio with a tactical income fund that has
a "go anywhere" mandate designed to protect capital in down markets and
capture returns in up markets.
"The Ideal Segregated Funds Signature 2.0 should build on the success
we've had with our seg funds since 2009," said Michel Fortin, Senior
Vice-President, Marketing and Customer Solutions. "The new fee
structure clearly identifies management and insurance fees so investors
will better understand what they are paying for and how their
investments are performing."
Signature 2.0 maintains many of the same value-added features as the
existing Ideal Segregated Funds - Signature Series, including choice of
guarantees, choice of funds, choice of load options, a RRIF payout
benefit guarantee with dollar-for-dollar reductions and a toll-free
number investors can call for non-financial support.
Segregated funds have regained in popularity in recent years, as
individual investors seek more guarantees. Standard Life has the
fastest growing segregated fund sales in Canada. It captured 9% of all
industry sales growth in the first nine months of 2012, despite the
suspension of new sales of its guaranteed lifetime withdrawal benefit
product in April 2012.
Note to editors
An individual segregated fund is an insurance product with "built in"
guarantees. The Ideal 75/75 and Ideal 75/100 Series guarantee 75% of
the principal value at maturity and 75% and 100%, respectively, of the
principal value at death. The Ideal 100/100 Series guarantees 100% of
the principal value at both maturity and death. These guarantees are
payable on certain conditions, such as an annuitant's age, the date of
the first premium payment and, if applicable, the date of the last
For more information: Ideal Segregated Funds Signature 2.0.
About Standard Life
Standard Life plc is a leading long-term savings and investment company
headquartered in Edinburgh, Scotland. Standard Life has around six
million customers worldwide and operates in the United Kingdom, Europe,
North America and Asia, and globally with Standard Life Investments
In Canada, Standard Life has been doing business for almost 180 years.
It operates under Standard Life Financial Inc., which wholly owns The
Standard Life Assurance Company of Canada and Standard Life Mutual
Funds Ltd. It is Standard Life plc's largest operation outside the UK
with about 2,000 employees. It provides long-term savings, investment
and insurance solutions to more than 1.4 million Canadians, including
group retirement and insurance plan members.
As of September 30, 2012, Standard Life plc had C$337 billion in assets
under administration, including C$44 billion in Canada through Standard
SOURCE: STANDARD LIFE
For further information:
514-499-7999, ext. 8150