Standard Life set to offer the Voluntary Retirement Savings Plan

 MONTREAL, July 10, 2014 /CNW Telbec/ - Standard Life in Canada announced today  that it has obtained all necessary approvals to offer Voluntary Retirement  Savings Plans (VRSP) to Québec workers.  "We have developed a simple VRSP solution that is easy to set up and manage  for Québec employers and advisors — it only takes about 15 minutes to join  online," said Philippe Toupin, Vice President, Group Solutions, at Standard  Life. "We believe the plan's compulsory membership for companies and freedom  of choice for employees will make this new retirement savings vehicle  successful in helping to ensure a retirement income for many more Québec  workers."  Standard Life recognizes the leadership of the Government of Québec in  providing near universal pension coverage to workers. Standard Life continues  to call on other provincial and territorial finance ministers to develop  similar initiatives that include compulsory sponsorship and automatic  enrolment so that the retirement outcomes of many more Canadian workers can be  improved.  Note to editors          1. See          details on Standard Life's VRSP.       2. Standard Life has long been concerned about financial security at          retirement and has an impressive track record in retirement          savings plan innovation. In addition to VRSPs, Standard Life          offers a wide range of retirement savings solutions, including          Pension in a Box,          which is also designed for small and medium-sized companies.  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 6 million customers worldwide and operates in the UK, Canada,  Europe, Asia and the Middle East.  Standard Life plc had $456 billion in assets under management, including $50  billion in Canada, as at March 31(st), 2014.    SOURCE  Standard Life  Anne-Julie Gratton 514-499-7999 or 1-877-499-9555, extension8150  To view this news release in HTML formatting, please use the following URL:  CO: Standard Life ST: Quebec NI: INS FIN NP  
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