PRESS RELEASE – Assumption Life is proud to provide an innovative pension solution in partnership with INTEGRIS Pension Management Corp.

Moncton, New Brunswick – January 31, 2019

Assumption Life is pleased to announce its partnership with INTEGRIS Pension Management Corp. to give business owners, franchisees and incorporated professionals a better way of saving for their retirement. The Assumption Life PPP^® is an excellent solution for those looking to save more tax-sheltered assets and build a bigger retirement nest egg. 

"We are happy to be offering a better retirement savings solution to those who don't have access to an employer-sponsored pension plan. We are confident that The Assumption Life PPP^® will have a beneficial impact on many Canadian professionals and business owners," says Daniel Audet, Associate Vice President, Individual Insurance and Investments.

The Assumption Life PPP^® is designed for self-employed individuals, business owners (e.g., entrepreneurs or franchisees) and incorporated professionals (e.g., accountants, consultants, dentists, doctors, financial advisors, lawyers, etc.). This solution is a combination plan that offers both a defined contribution and a defined benefit option. It allows plan members the flexibility to choose which plan component and contribution method better fit their needs at the start of every year. It also allows members to make additional voluntary contributions on top of the amount deposited by the employer (as long as it does not exceed the maximum amount authorized by Income Tax Regulations), making it a custom solution for each plan member. 

As Jean-Pierre Laporte, Chief Executive Officer of Toronto-based INTEGRIS Pension Management Corp., points out, the most significant PPP^® advantage over a Registered Retirement Savings Plan (“RRSP”) is the ability to put away more money. The Personal Pension Plan offers seven extra tax deductions that are not available with the RRSP. This tax-saving solution allows up to 60% greater tax-deferred compounding until the individual retires. A larger annual investment, the same tax-sheltered benefit – that’s where the PPP^® can make a difference.
 
Pension plans provide the best financial security in retirement. However, most self-employed individuals and professionals still do not know that they are available for use. Together, Assumption Life and INTEGRIS Pension Management Corp. give business owners, franchisees and incorporated professionals in Canada the opportunity to take advantage of this superior retirement savings option and to relieve themselves from the complexity of managing a pension plan.


For more information on PPP^® and its benefits, click here

For further information, please contact:
PPPsales@assumption.ca