Media and Clients Talk About ScotiaMcLeod Group Plans
ScotiaMcLeod was ranked the 5th largest Group RRSP provider in
Canada by Benefits Canada (June 30, 2007).
John Zufelt and Carl Spiess developed the Group RRSP line for ScotiaMcLeod in 1990.
The success of our growth was profiled in the news by Barry Critchley, in the
April 3rd 1997 Financial Post
"off the record" (.pdf 57k)
Here is what one of our major clients had to say about our services:
"When our company started a Group RRSP for employees, ScotiaMcLeod
promised us excellent service - and they've delivered. I always get full
support from ScotiaMcLeod. They've been proactive in helping educate our
employees about RRSPs and investing, holding a series of seminars right here in
our office. And the Wealth Advisors are also available individually to
our staff."
We Can Help Your Organization Too!
ScotiaMcLeod offers a range of group products designed to meet the needs
of large companies and associations. Among these are:
- Group Retirement Savings Plans (RRSPs),
- Deferred Profit Sharing Plans (DPSPs),
- Pension Wind-ups & Locked-in RRSPs,
- Investment Accounts (CSBs & more),
- Stock Purchase Plans, and
- MPP Pensions.
Group plans offer many benefits to both you and your employees or members. These
include pre-tax payroll deduction, low investment minimums (as little as $50
per pay), dollar cost averaging, portability, and plan design flexibility.
There are four key factors which make ScotiaMcLeod the group plan administrator of choice:
- Confidence in the institution
- Investment choice
- Employee protection
- Client service
Confidence
ScotiaMcLeod has been providing
investment advice to Canadians since 1921 and is fully owned by the
Bank of Nova Scotia. As one of the largest
financial institutions in Canada, you can feel confident in the safety of your employees' investments.
Investment Choice
Building on our history of innovation, we have developed flexible group
plans that offer plan participants all the benefits of individual "self-directed"
RRSPs. In their ScotiaMcLeod group RRSPs, your employees or members may hold any of:
- Mutual Funds (from among 2,000
funds and 40 fund companies)
- GICs (from up to 6 different issuers for full CDIC coverage)
- Bonds, Coupons (Stripped Bonds), T-Bills, CSBs, PSBs
- Stocks
- Even their own mortgage
The ScotiaMcLeod-Manulife Alliance
ScotiaMcLeod also offers simplified Manulife RRSP plans (approx. 60 different investment choices) in addition to our
full service self-directed ScotiaMcleod plans. This allows your plan to be tailored to the investment needs of a
broader range of plan members.
Investor Protection
As a member of the Investment Dealers of Canada, ScotiaMcLeod offers
your employees or members the highest possible level of investment safety. We are
regulated by the Ontario Security Commission's "Know Your Client" rules.
Because we offer a large number of GIC issuers, we can ensure a higher level of
CDIC insurance on than your employees can receive through a single bank or
trust company. As well, plan participants can have their assets 100% guaranteed by
the government of Canada through the purchase of government of Canada bonds. Your employees
or members derive the greatest protection of
all from our individualized client advice by licensed advisors and diversification of investments.
Client Service
We offer our clients the highest possible level of service through
regular on-site visits, one-on-one investment advice and retirement planning. In addition, we offer our dedicated, licensed staff to answer client questions.
Service
centres are accessible toll-free from anywhere in Canada.
Participant Benefits
The ScotiaMcLeod group plans offer your employees or members the following benefits:
- Administration fee savings
- Individual & spousal accounts
- Individualized investments
- Ability to consolidate assets
- Monthly statements
- Lump sum contributions anytime at the Bank of Nova Scotia
- Domestic & foreign investments
- Personal financial planning
- Financial & tax planning seminars
- RRSP loans at prime
- Toll-free service
- Invest as little as $50 per pay
Plan Sponsor Benefits
Our plans also offer benefits to you, the employer or association:
- Flexible plan design (locking-in options)
- Outsourcing of all administration
- Not responsible for selecting one investment manager
- Security of assets
- Bilingual, national support
- No cost to you
Want to learn more?
Contact your ScotiaMcLeod Wealth Advisor
to find out how our group plans might fit with your
organization's needs.
More on ScotiaMcLeod Group Plans
Visit the ScotiaMcLeod website
The information contained on this website is for use by persons resident in Canada only.
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