Pension in a Box. A simpler pension solution

Transcription

1 Pension in a Box A simpler pension solution

2 Offer your employees an attractive pension plan simply Eight in ten employers agree that group savings and retirement plans improve a company s ability to attract new employees, help employees plan for and achieve their goals, and increase retention of skilled employees. 1 1 Standard Life research conducted by Environics Research Group, September Contents 01 Choosing a plan 02 Choosing an investment solution 05 Rolling out your plan 08 Streamlined administration through eservicing

3 Designed to combine flexibility and simplicity Pension in a Box lets you offer your employees a complete retirement offering that s easy to implement and manage. Flexibility It s available with most capital accumulation plan types so you can design a group program in line with your employees and organization s goals. Simplicity It features investment solutions that are simple for you to implement and manage, and easy for your employees to understand. Efficiency It s managed through online tools and services that make administration easy and efficient for you, and help your employees make the most of their plan. Support It comes with Standard Life support throughout the process, from plan design and investment selection, to implementation, to governance. First, we help you choose a plan type The flexibility of Pension in a Box means you can choose from among most capital accumulation plan types, so you can build an attractive and competitive program. Choose from: Defined Contribution Registered Pension Plan (DC-RPP) Group Registered Retirement Savings Plan (RRSP) Tax-Free Savings Account (TFSA) Non-Registered Savings Plan (NRSP) Deferred Profit Sharing Plan (DPSP) Simplified Pension Plan (SPP) Employee Profit Sharing Plan (EPSP) We ll help you choose and design a plan that fits your employee base, demographics, goals, and resources. Pension in a Box 01

4 Next, we help you choose an investment solution We ve designed investment programs that take into account your employees varying needs and degrees of investment knowledge, as well as your own comfort level with investment products. They re all well thought-out investment strategies, and they re all simple to put together. Avenue Portfolios Conservative more than 25 years Investor profile Moderate more than 25 years Aggressive more than 25 years About our funds We build our investment solutions with funds from our most robust platform, the Quality & Choice Investment Program (Q&C). Our team of experts selects and monitors each fund according to rigorous criteria, which means less fund governance work for you. Example: 24% Canadian equity funds 13% International equity funds 13% U.S. equity funds 50% Fixed income funds Investment period Conservative 20 to 25 years Conservative 15 to 20 years Conservative 10 to 15 years Moderate 20 to 25 years Moderate 15 to 20 years Moderate 10 to 15 years Aggressive 20 to 25 years Aggressive 15 to 20 years Aggressive 10 to 15 years Conservative 5 to 10 years Moderate 5 to 10 years Aggressive 5 to 10 years Conservative less than 5 years Moderate less than 5 years Aggressive less than 5 years Our investment offering provides you with a choice of effective solutions that are simple to set up and manage, and easy for your employees to use Ideal Pension Portfolios in a Box

5 We ll match you up with the right investment program Avenue Portfolios This solution combines lifecycle fund selections, which invest towards a target retirement date, and lifestyle fund selections, which invest according to an investor s profile (risk tolerance). It features Asset Rebalancing and Lifecycle Movement services that keep the portfolio in line with investment instructions, and ensure that employees are in the appropriate portfolio for their age. How it works You select an Avenue Portfolios model where the asset allocations are pre-set. You and your advisor simply choose the funds from Q&C, and your employees then select a portfolio corresponding to their investment period and their investor profile. It s that simple. Target date funds These are a series of funds based on an anticipated retirement date. Each fund is a balanced investment portfolio that shifts over time towards a more conservative asset mix as the employee approaches retirement. How it works Your employees only need to answer one question: What year do I want to retire? They then choose the target date fund closest to that year. Monitored investment programs These are fully pre-packaged, turnkey investment solutions featuring pre-set Avenue Portfolios or target date funds. All these solutions are built and monitored by Standard Life, simplifying decision-making. How it works You and your advisor choose a package. We ll monitor the investment solution for you. Pension in a Box 03

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7 Rolling out your plan, with Plan for life Implementing your plan starts with getting your employees to participate. And the key to that is to make it easy. That s how Plan for life works. Plan for life is a communication and education program that guides employees on their journey from enrolment to retirement, helping them identify their retirement goals and build a plan to achieve them. First, enrolment The Plan for life approach is focused on getting your employees enrolled and properly invested. We do this with simple instructions, easy to follow enrolment guides and on-site, interactive web-based and pre-recorded enrolment seminars. Next, we help them achieve their goals We get your employees engaged in their plan and on their way to achieving their goals by giving them the guidance they need, when they need it, and the confidence to manage their plan. Pension in a Box 05

8 We help keep them on track We provide your employees with the tools, services and materials to help them set their goals and stay on track: The VIP Room a secure website where your employees can use retirement planning tools, such as the Retirement Calculator view their statements see a snapshot of their assets review their investments and asset allocation change their investment instructions get updated fund performance 98% of employees say they have internet access and almost 80% want to engage with their group retirement plan online. 2 2 Standard Life research conducted by Environics Research Group, September The Retirement Calculator in the VIP Room lets your employees create a detailed projection of their annual income at retirement. In just a few minutes, they ll have an idea of where they stand, and if there is a gap between their retirement income goals and their projected income results. The projection graph appears on the homepage of their VIP Room, and is integrated with their statement under the Retirement checkup section. Wherever they are on their journey, your employees will have access to the support of our experts through the Customer Contact Centre. 06 Pension in a Box

9 JULIE A. MARTIN You've selected an Avenue portfolio that doesn't match your investor profile. Please review your investor profile using the VIP Room and completing our investor profile questionnaire. Your Retirement checkup TM RS100000/001 RPP RRSP Total RPP RRSP * You made your first contribution at Standard Life to your: RPP on May 6, 2010; RRSP on March 1, The VIP Room at member.financialservices@standardlife.ca FAX Standard Life Group Savings & Retirement P.O. Box Succ. Centre-ville See page 2 for details Montréal QC H3C 5M3 RS Printed on October 2, 2012 at 02:49 PM Control #: / / Standard Life Page 1 of 6 VDRNTAG: CLIENTNU=RS / CLIENTN=MUNICH LIFE MANAGEMENT CORP. LTD. /PROCSIND=BATCH / PACKDESC=BASIC / SLEVEL=N / SUBGRPNU=TOR / SUBGRPN= / OPENDATE= / CLOSDATE= / PRTDATE= / STMTCATE=MEMBER/ PARTICID= / RETREFN= / LNAME=GRAY / FNAME=LAURA / MNAME= / STMTRUNID= / CLNTSTMTID= / VDRNKEY= _132508_ / The semi-annual member statement is designed to answer three questions, all at a glance: How am I doing? Am I on track? What do I have to do to reach my retirement goals? On the VIP Room, members can customize their online statement to see the information that s most important to them. What do I need to take care of? Your Logo Your Plan for life TM statement for the period of January 1, 2012 to June 30, 2012 ABC Company RS ALBERT ST TORONTO, ON K4F 2B9 Your checklist Your Standard Life group program at a glance (in $CAD) Opening value on January 1, , , , Payroll contributions 4, , , Growth in your plan's value Closing value on June 30, , , , Your personal rates of return as at June 30, 2012 How far do I have to go? How do I bridge my gap? (in %) 3 months 6 months 1 year 3 years 5 years 10 years Since your first contribution* All your plans Your goal: $43, Gap: $7, Your projection: $35, Be careful, you're not on track with your retirement goals. How you can reach Standard Life: How are my assets and investments doing? Who can help me? Making learning easy and relevant Because most of your employees aren t investment experts, we designed our educational tools so they can learn what they need to know, quickly and clearly. Planforlife.ca uses plain language to demystify financial planning and steer your employees through the process of making their plan. The Education Centre on the VIP Room, uses a unique approach to learning, where the content an engaging mix of video clips, tools and calculators is customized to the user s life stage and level of investment knowledge, so they can jump right into the learning process without wading through information they don t need. Education Centre with customized content Pension in a Box 07

10 Streamlined administration through eservicing As the plan sponsor, you ll have access to your own VIP Room where you ll be able to manage your plan easily and efficiently, and have access to useful information and training. The sponsor VIP Room lets you submit and pay contribution lists, accurately and securely manage your plan member information with just a few keystrokes add and terminate members, so changes can be processed immediately use the reporting tool to view various reports, each with a clean and simple design that gives a clear snapshot of your plan, making it easy to understand at a glance view and pay invoices online, using various forms of payment control who has access to the VIP Room access forms, information on funds and online training modules Nine in ten employers say that online administration, online support and online reporting are important factors in adopting a group retirement plan. 3 3 Standard Life research conducted by Environics Research Group, September Pension in a Box

11 We help you with governance Governance doesn t have to be daunting. You can count on Standard Life s expertise to help you with your governance responsibilities by providing guidance on: Compliance with laws and regulations governing your plan Fund governance. The rigour with which we select and monitor each Q&C fund greatly simplifies compliance for you. Compliance with CAP Guidelines. We ll give you the materials and tools to evaluate your compliance and apply best practices to your plan. Documenting your level of compliance, including issuing an annual Letter of Compliance detailing the services we provided you and the compliance standards we followed Pension in a Box lets you offer a competitive pension plan, with flexibility where you need it and simplicity throughout. Talk to your advisor or your Standard Life representative to get started.

12 Retirement Investments Insurance Find out more Speak to your advisor. The Standard Life Assurance Company of Canada Standard Life Assurance Limited GE13230B GS Standard Life, images reproduced under license