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 
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 
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 
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CO: Standard Life
ST: Quebec
-0- Jul/10/2014 20:38 GMT
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