At the heart of our business is the expertise and vast experience of our people. Our job is to make it simple for you and your clients to manage group savings and retirement programs.
If you are interested in growing your business here are some things you should know about group savings and retirement plans…
Canada represents the 5th largest pensions market in the world. With current demographic trends, the potential is huge and plan sponsors are looking for qualified advisors to assist them.
Savings and retirement plans don't renew every year. In fact, most clients stay with their providers for considerable periods of time. This means you can spend less time servicing current accounts and more time prospecting new business.
Your compensation grows as the plan grows, making it a win-win proposition for everyone
Your current client base of business owners is probably in need of a good group savings and retirement advisor. Why shouldn't it be you?
DCRPP, DBRPP, SPP, IPP, Group RRSP, NRSP, DPSP, EPSP, RCA, Structured RRSP, Group Annuities and Group RRIF/LIF are not just a bunch of confusing acronyms, they are the solution many employers are looking for and many employees need. By partnering with an expert, you can offer a solution that is right for them.
Standard Life is a recognized leader in providing group savings and retirement plan services and expertise to the marketplace. Here is an opportunity to establish a partnership with an industry leader and present these opportunities to your clients.
We will support you in your relationship with your clients by:
- helping you in prospecting and identifying potential sources of business.
- offering you competitive compensation based on invested assets, including assets of retired and terminated members.
- providing pension expertise from the most knowledgeable representatives in the industry.
- ensuring, for Capital Accumulation Plans (CAP), full legislative compliance and CAP governance support, including our annual Summary of pension legislation, Guide to the guidelines, Checklist to the Joint Forum's CAP Guidelines and CAP comparison chart.
- assisting you in choosing and monitoring investment funds within our Quality and Choice Investment Program.
- guiding members during retirement and terminations with the
Standard Life Advantage program™. - providing exceptional service to your clients.
Contact your
You can leave the heavy lifting to us when it comes to supporting plan sponsors and the members of their programs.
For plan sponsors we offer:
- complete transition and implementation support designed to simplify the process and eliminate worries.
- systems designed around clients' needs with a view to minimizing their day-to-day involvement.
- access to information and reporting through the VIP Room password-protected website.
- assistance from one of our local Customer Relationship Managers who will provide support and information as required.
- full legislative compliance and CAP governance support for Capital Accumulation Plans.
- all-inclusive pricing.
We also keep members well-informed by:
- engaging them in the Plan for Life program - a communication program designed to take members through the different life stages and event of financial planning, from the day they start work to retirement and beyond.
- concentrating on the three keys to financial success: contributions, time and investment return.
- providing live on-site activation sessions to get members enrolled in the program, conducted by salaried financial consultants.
- developing communication material designed to reflect the member lifecycle, including important life changes, and provide members with the tools and services they need to take action.
- assisting them with the help of salaried financial representatives available to provide investment guidance through a toll-free number.
- granting access to the password-protected member VIP Room website complete with account information, transactional capabilities, calculators and a full suite of education modules.
- offering the
Standard Life Advantage program™, which continues to fulfill their needs if they terminate employment or retire.
Do I need to be a pension expert?
You may know the ABCs of pension but you may not feel comfortable handling more complex pension issues raised by your clients. You can rely on
How complicated is plan set-up?
Not at all. Once your clients have decided that
What about ongoing reporting and meeting regulatory requirements?
How do I know if my clients will be happy with Standard Life ?
We have an industry-leading retention ratio. Not only are we retaining our clients, but we are also growing faster than the industry average.
Will you treat me like a partner and not just another advisor?
Of course. Our Valued Partnership Program recognizes advisors who are interested in establishing a long-term relationship with
How profitable is this type of business?
Group savings and retirement programs should be considered a long-term investment in your business. Satisfied clients tend to stay with a service provider for many years. With no annual renewals to negotiate, your compensation will increase as assets in the plan grow.
My clients demand personalized services; a website or toll-free line just won't do. How will you help?
Each client is assigned a Customer Relationship Manager (CRM) to oversee the relationship and deliver the appropriate level of personal service. The CRMs have an established protocol, which allows them to provide service and meet your clients' expectations. In addition, clients will have an assigned Customer Service Representative who will handle the plan's day-to-day transactions.
Will I have to talk with all members of the plan to get them enrolled?
Leave that to us. The dedicated Member services team is committed to providing information and guidance to members every step of the way. Whether it's conducting live on-site meetings at enrolment, or assisting members on the phone with ongoing investment questions, our fully salaried Member services team is here to answer the call. Of course, the role you want to play is entirely up to you. Just let us know; we are here to help.
