In 2012, the Canadian government adopted legislation allowing federally regulated employers and residents of Canadian territories to subscribe to a Pooled Registered Pension Plan (PRPP) offered by a registered administrator. Many provinces have now launched their own PRPP initiative.
This new kind of pension plan will make it possible for thousands of Canadians to have easy access to an affordable retirement savings plan. Simply put, it is a flexible and low-cost solution to help employees save for retirement.
Morneau Shepell, via its subsidiary Morneau Shepell Asset and Risk Management, intends to offer a Voluntary Retirement Savings Plan (VRSP) in Quebec—and a Pooled Registered Pension Plan (PRPP) in all other applicable jurisdictions.
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