Desjardins Financial Security Launches Foresight, Group Retirement Savings Solution, Selects Morningstar as Independent Provider of Research, Data, and Portfolio Construction

    TORONTO, April 30 /CNW Telbec/ - Desjardins Financial Security today
announced the launch of Foresight(TM), a unique group retirement
savings/investment solution that combines the flexible and tailored group
retirement savings solutions of Desjardins Financial Security with
Morningstar's independent expertise in investment research and analysis. Each
fund in a Foresight portfolio is carefully researched, selected and monitored
by Morningstar Research Inc., the Canadian subsidiary of Morningstar, Inc.
This is the first program of its kind in Canada and is truly a turnkey
solution for small- to medium-sized businesses.
    "Foresight is ideal for retirement plan sponsors and their employee
participants because it provides accurate research and information about their
funds. In this market, this type of investor information is empowering and
reassuring," said Gil McGowan, regional vice president of group retirement
sales and development for Desjardins Financial Security. "Foresight is also
well-suited for small- to medium-sized businesses because it takes the
thinking out of retirement plan management. Instead of concentrating on their
employees' retirement portfolios, they're able to concentrate on their
    Morningstar has performed extensive research and due diligence on each of
the funds on the Foresight platform, and the portfolios have been carefully
constructed to ensure diversification and appropriate risk management. In
total, plan participants can choose from 12 funds, six lifecycle portfolios,
and three retirement paths.
    "We're pleased that Desjardins Financial Security has selected
Morningstar for our independent research and analysis," said Scott Mackenzie,
president and chief executive officer of Morningstar Research Inc. "Our goal
is to help investors make informed decisions, and plan participants will have
peace of mind knowing they have clear investment choices based on
Morningstar's research and portfolio construction."
    Another key advantage of the Foresight solution is that it meets with
Capital Accumulation Plan (CAP) guidelines. Desjardins Financial Security will
assume responsibility for the entire plan implementation process and employee
support, which includes training, communications, information, transaction
tools, statements and reports. Morningstar is responsible for ongoing
monitoring of the Foresight portfolios as well as the individual funds in the
    For more information, please visit

    About Desjardins Financial Security

    Desjardins Financial Security, a subsidiary of Desjardins Group, the
largest integrated 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 3,800 people and administers $19.7 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. For more information, please visit

    About Morningstar

    Morningstar Research Inc. is the Canadian subsidiary of Chicago-based
Morningstar, Inc., a leading provider of independent investment research. The
company offers an extensive line of Internet, software, and print-based
products and services for individuals, financial advisors, and institutions.
Morningstar provides data on more than 300,000 investment offerings, including
stocks, mutual funds, and similar vehicles, along with real-time global market
data on more than 4 million equities, indexes, futures, options, commodities,
and precious metals, in addition to foreign exchange and Treasury markets. The
company has operations in 19 countries and minority ownership positions in
companies based in three other countries.
    Desjardins Financial Security ("Desjardins") has retained Morningstar
Research Inc. ("Morningstar"), a wholly owned subsidiary of Morningstar, Inc.,
to provide fund research, analytical, data compilation, and portfolio
construction services for Desjardins' "Foresight Group Retirement Solution"
program. Morningstar is providing consulting services only to Desjardins, and
is not acting in the capacity as an advisor to investor clients of Desjardins.

For further information:

For further information: Sarah Twomey, Desjardins Financial Security,
(416) 926-2700, Ext. 2015, Toll free: 1-877-906-5551, ext. 2015, Virtual
newsroom:; Isabell
Grygianiec, Morningstar Research Inc., (416) 484-7868, Toll free:
1-800-531-4725, ext. 7868

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