QUEBEC CITY, June 6, 2016 /CNW Telbec/ - iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) today announces the launch of its new registered education savings plan (RESP) product called "My Education+". This product designed for families who wish to save for their children's post-secondary education is the newest addition to iA Financial Group's existing lineup of RESP products.
My Education+ offers an extensive range of segregated funds as well as a high-interest account with a very competitive interest rate in which clients can invest.
"It is very important for us to encourage and enable families to save for their children's education. With its guarantee and competitive management fees, My Education+ better meets the needs of our clients and allows them to save more for their children's future," states Marie-Claude Poulin, Director, Savings and Retirement Products.
New electronic RESP enrolment tools
iA Financial Group has developed a new and innovative electronic RESP enrolment tool for use by financial security advisors. This tool makes preparing the documents required for the sale of an RESP much simpler and quicker and therefore helps advisors to more rapidly respond to their client's expectations.
In addition, it will also now be possible for clients to open their own individual RESP for their child in a matter of minutes directly online on the ia.ca website. Whether on their own or upon referral from their advisor, this new online feature will allow clients to quickly start taking advantage of the benefits of My Education+. Their contributions will be automatically invested in a high-interest account.
"Our goal is really to make enrolment for clients and the work of advisors easier so that the RESP can become the number one solution for families wanting to save for their children's education. The government grants offered are a major advantage specific to the RESP and we want to enable a maximum of families to take advantage of them," states Manon Gauthier, Vice-President, Individual Savings and Retirement.
iA Financial Group is the only insurance company in Canada that provides access to all provincial and federal grants available, regardless of the client's province of residence.
About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of the four largest life and health insurance companies in Canada and among the largest publicly traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
SOURCE Industrial Alliance Insurance and Financial Services Inc.
For further information: Pierre Picard, Manager, Public Relations, Phone: 418-684-5000, ext. 1-1660, Email: [email protected], Website: www.ia.ca