06:48:10 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Morneau Shepell Inc
Symbol MSI
Shares Issued 47,988,999
Close 2014-08-20 C$ 17.31
Market Cap C$ 830,689,573
Recent Sedar Documents

Morneau Shepell now registered to offer VRSP

2014-08-21 11:04 ET - News Release

Ms. Cathren Ronberg reports

MORNEAU SHEPELL VOLUNTARY RETIREMENT SAVINGS PLAN REGISTERED AND READY FOR RETIREMENT SAVINGS

Morneau Shepell Asset & Risk Management Ltd., a wholly owned subsidiary of Morneau Shepell Inc., has completed the final step required to offer a voluntary retirement savings plan (VRSP). After first being approved by the Autorite des marches financiers to act as an administrator, the company has now registered the Morneau Shepell VRSP with the Regie des rentes du Quebec. A VRSP is a new retirement savings vehicle that became available in Quebec as of July 1, 2014, designed to help employees without access to other workplace plans grow their retirement savings.

"We're pleased to be able to offer Quebec employers a turnkey VRSP solution, making it possible for thousands of employees to have easy access to an affordable retirement savings plan," said Luc Grandchamp, partner with Morneau Shepell. "We bring our experience as one of the largest pension plan administrators in Canada, serving over five million plan participants, as well as our expertise in helping employers, large and small, in Quebec and the rest of the country."

In addition, Morneau Shepell has integrated payroll solutions with several providers, simplifying contribution remittance for employers that use the services of one of these payroll companies.

"Our focus is on offering a simple, effective VRSP to organizations," stated Idan Shlesinger, managing partner, defined contribution pensions and savings plans. "Our solutions are not insurance based and provide high levels of transparency and independence."

The Morneau Shepell VRSP is currently available to Quebec employers that want to introduce the program before legislated deadlines. According to Mr. Grandchamp, "We're ready to implement our VRSP solution -- one that's easy for employees to understand and will encourage them to increase their retirement savings."

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