QUEBEC CITY, Dec. 12 /CNW Telbec/ - Industrial Alliance Insurance and
Financial Services Inc. is pleased to announce the launch of a new financial
planning tool for members of its group retirement savings plans. The Your
Retirement Tracker tool breaks new ground because it gives members a simple
and clear analysis of their financial situation for the amounts accumulated
with Industrial Alliance in their group retirement plan, and for the savings
accumulated outside of the plan, including public pension plans.
"Even if you regularly contribute to a retirement plan with your
employer, it's hard to know if your savings will meet your retirement needs,"
said Lucie Lachance, Director, Actuarial and Marketing Services, Group
Pensions. "A multitude of factors must be used to estimate retirement income,
such as inflation, investment earnings, the contribution of public pension
plans, etc. Industrial Alliance simplifies the process by supplying its
members with a projection of their retirement income and personalized
suggestions to reach their retirement objectives."
Industrial Alliance also has a specialized team that offers members
active and continual support to attain their retirement goals and improve
their financial situation. "We want to go beyond simply giving set projections
to our members," added Ms. Lachance.
Your Retirement Tracker proves equally useful for plan administrators
because it helps them meet their fiduciary responsibilities. "In accordance
with the Guidelines for accumulation plans, administrators have
responsibilities, especially to provide information to members," said Daniel
Bannon, Senior Director, Compliance and Client Service. "Your Retirement
Tracker helps administrators to properly manage their plans. With Your
Retirement Tracker, plan administrators know where members are in respect to
their retirement planning objectives. They can thus take steps to better
inform members and help them to attain their objectives."
With this new personalized service, Industrial Alliance innovates yet
again to help its clients prepare for a retirement that meets their
About Industrial Alliance's Group Pensions Sector
The Group Pensions sector offers a wide range of products and services
adapted to the needs of retirement plan members. It offers savings products,
such as defined contribution plans, defined benefit plans, institutional money
management services and disbursement products. It also provides members with a
wide range of investment options, like segregated funds and guaranteed
interest investments. Thanks to its regional offices across Canada, the Group
Pensions sector has been in full expansion, mainly outside of Quebec. Over the
last five years, the sector recorded average annual growth of 28% in its
premiums for regular operations stemming from accumulation products.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company that offers a wide range of life
and health insurance products, savings and retirement plans, RRSPs, mutual and
segregated funds, securities, auto and home insurance, mortgage loans and
other financial products and services. The fifth largest life and health
insurance company in Canada, Industrial Alliance is at the head of a large
financial group, which has operations across Canada as well as in the western
United States. Industrial Alliance contributes to the financial well-being of
over 3 million Canadians, employs more than 2,900 people and manages and
administers over $50 billion in assets. Industrial Alliance stock is listed on
the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is
among the 100 largest public companies in Canada.
For further information:
For further information: Catherine Drouin, Director, Communications,
(418) 684-5000, ext. 4664, email@example.com; www.inalco.com