Industrial Alliance adds the Pooled Registered Pension Plan (PRPP) to its
range of group retirement plans
QUEBEC CITY, Jan. 15, 2013 /CNW Telbec/ - Industrial Alliance is pleased to
announce that it will be offering the new Pooled Registered Pension Plan
(PRPP) as soon as the government gives the green light.
The PRPP is a new multi-employer group retirement plan designed by the federal
government to help Canadians save for retirement. The PRPP is intended for
companies under federal jurisdiction who can offer it to their employees on a
The fact that Industrial Alliance is adding the PRPP to its range of group
retirement plans as soon as it is launched once again illustrates the
company's commitment to growing its group savings and retirement business
across Canada. This business line has seen very significant growth right
across the country over the past decade.
"We are constantly updating our product offering to always meet our clients'
needs and establish ourselves as a leader in the Canadian group retirement
market. There can be no doubt—our main focus is our clients! That's why we
do everything possible to make all new products available to them as fast as
we can. By adapting our product line, we ensure that it's always on the
cutting edge. Innovation, accessibility, flexibility and service are at the
core of our strategy!" says Renée Laflamme, Vice-President, Group Savings and
In adding the PRPP to its group retirement plan line-up, Industrial Alliance
continues to support government initiatives to help Canadian workers save more
for their retirement while positioning itself as a premier service provider in
About Group Savings and Retirement
Group Savings and Retirement offers a wide range of products and services
adapted to the needs of savings and retirement plan members. It offers savings
products, such as defined contribution plans, as well as institutional money
management services and disbursement products. It provides its plan members
with a large choice of investment options, such as segregated funds and
guaranteed interest investments. With regional offices across Canada, the
Group Savings and Retirement sector is one of the largest group savings and
retirement service providers in the country.
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is
a life and health insurance company with operations in all regions of Canada
as well as in the United States. The Company 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 for both individuals and groups. The
fourth largest life and health insurance company in Canada, Industrial
Alliance contributes to the financial wellbeing of over three million
Canadians, employs more than 4,200 people and manages and administers more
than $80billion in assets. Industrial Alliance stock is listed on the
Toronto Stock Exchange under the ticker symbol IAG.
Pierre Picard, Public Relations Manager Office: 418684-5000, ext.1660
SOURCE: INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
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CO: INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC.
NI: INS FIN NP
-0- Jan/15/2013 13:30 GMT
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