iA Financial launches new version of lifetime retirement income option

first_img Keywords Group retirement savings plansCompanies Industrial Alliance Insurance and Financial Services Related news Franklin Templeton introduces five-year increments to target date lineup Quebec City-based Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) Tuesday announced the launch of an improved version of SecurOption – Lifetime Retirement Income, the guaranteed lifetime retirement income option of its group retirement plans. Offered in the iA Financial’s DPSPs and group RRSPs, SecurOption allows members to build guaranteed lifetime retirement income the amount of which is known in advance, through their accumulation plan. The new version provides an increase to the annuity based on the amount as well as the complete integration of data in all its tools. “SecurOption addresses our clients’ dire need for income security,” says Renée Laflamme, executive vice president, group benefits and retirement solutions, in a statement. “Many members of defined contribution retirement plans have less tolerance to risks related to financial markets, worry about outliving their savings, and look for new ways to ensure a guaranteed retirement income supplement for their retirement.” The new version of SecurOption is described in detail at securoption.com/advisor. CLHIA delays implementation of Guideline G19 by six monthscenter_img Share this article and your comments with peers on social media IE Staff Facebook LinkedIn Twitter BMO Investments introduces funds for group RRSPs, DIY investorslast_img read more