Standard Life gets VRSP license

Standard Life has been issued a license by the Autorité des marches financiers (AMF) to administer a Voluntary Retirement Savings Plan (VRSP) in Quebec starting July 1.

Read: Voluntary RSPs arrive in Quebec

“The AMF’s license is an important step in the setup of our VRSP offering. We’ve developed a clear and simple tool to help mainly small and medium business employers offer a retirement income solution for their employees,” said. “There are still important steps to go through, such as filing our registration document today with the Régie des rentes du Québec and the Canada Revenue Agency, but we are confident that we will receive all our approbations to launch our VRSP on July 1,” said Philippe Toupin, vice president, Group Solutions.

Also read:

When to avoid RRSPs

Change RRIF drawdown rules, says think tank

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.