Standard Life has launched a new Pooled Registered Pension Plan website, given that retirees and aging clients are starting to seriously consider their wealth accumulation options.
The Canadian industry is waiting for a number of details to be determined by governments, including criteria that’ll determine the administrative costs of pension plans.
Read: Minister on the road to tout PRPPs
The site was developed to help advisors and their clients find answers to questions about PRPPs and the VRSPs; Standard Life often receives questions about the difference between these and other types of retirement savings plans.
These products will be part of Standard Life’s complete line-up of workplace retirement programs going forward.
Read: PRPPs: new vehicle, same old problems and PRPPs don’t undercut financial advice