Many employers and organizations provide employees with defined contribution retirement plans such as Group RRSP’s and Registered Pension Plans.
On May 28, 2004, the Joint Forum of Financial Market Regulators released a final version of the Guidelines for Capital Accumulation Plans (CAP Guidelines), which have been approved for publication by Canadian Association of Pension Supervisory Authorities (CAPSA), the Canadian Council of Insurance Regulators and the Canadian Securities Administrators. It is the expectation of CAPSA that registered pension plans that have CAP components will operate in accordance with the CAP Guidelines by December 31, 2005. (Source: Canadian Association of Pension Supervisory Authorities (CAPSA), May 4, 2004)
The Financial Literacy Counsel provides employers with services and solutions that satisfy the CAP Guidelines.
We help employers and Capital Accumulation Plan sponsors with:
- setting up the plan;
- providing investment information and decision-making tools to CAP members;
- introducing the plan to members;
- providing on-going communication to members;
- maintaining and servicing the plan
- ensuring that termination of the plan or the membership of an individual within the plan is done in accordance with the terms of the CAP.
Contact Alphil Guilaran today for a private and confidential no obligation appointment to discuss your Group RRSP, pension plan, and CAP Guideline compliance.
Alphil Guilaran
Executive Director
604.687.7773
