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Standard Life receives a licence to provide a Voluntary Retirement Savings Plan in Québec

 Standard Life receives a licence to provide a Voluntary Retirement Savings  Plan in Québec  MONTREAL, June 16, 2014 /CNW Telbec/ - The Standard Life has been issued a  licence by the Autorité des marches financiers (AMF) to administer a  Voluntary Retirement Savings Plan (VRSP) in Quebec starting July 1.  "The AMF's licence is an important step in the setup of our VRSP offering.  We've developed a clear and simple tool to help mainly small and medium  business employers offer a retirement income solution for their employees,"  said Philippe Toupin, Vice-President, Group Solutions. "There are still  important steps to go through, such as filing our registration document today  with the Régie des rentes du Québec and the Canada Revenue Agency, but we  are confident that we will receive all our approbations to launch our VRSP on  July 1."  Quebec was the first province to pass a legislation to help ensure a suitable  retirement income for more Quebecers and to recognize that in order to be  successful, it had to be mandatory for employers to offer a retirement saving  plan to their employees. Standard Life applauds the government of Quebec's  leadership and continues to call on other provincial and territorial finance  ministers to develop similar initiatives to ensure a suitable retirement to a  majority of Canadians and Quebecers.  Note to editors          1. Details about          Standard Life's VRSP       2. Standard Life has long been concerned with financial security upon           retirement and has a long track record in retirement savings plan           innovation. In addition to the VRSP, Standard Life offers a large range           of retirement savings solution, such as Pension in a Box,          designed specifically for the small and medium-sized enterprises.  About Standard Life Standard Life provides long-term savings, investment and insurance solutions  to more than 1.4 million Canadians, including group retirement and insurance  plan members. It has 2,000 employees, and the main operating subsidiaries in  Canada are The Standard Life Assurance Company of Canada and Standard Life  Mutual Funds Ltd.  The Canadian operation of Standard Life plc, its parent company, is the  largest outside the United Kingdom. Headquartered in Scotland, Standard Life  plc has around six million customers worldwide and operates in the UK, Canada,  Europe, Asia and the Middle East.  Standard Life plc had $456 billion in assets under administration, including  $50 billion in Canada, as at March 31, 2014.    SOURCE  Standard Life  Anne-Julie Gratton 514499-7999 or 1877499-9555, extension8150  Anne-Julie.Gratton@Standardlife.ca  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/June2014/16/c7235.html  CO: Standard Life ST: Quebec NI: INS NP ORDER  
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