Over the years, it has become increasingly difficult to set up a Capital Accumulation Plan (CAP), such as a DCPP, DPSP, group RRSP, TFSA, or an IPP. CAP guidelines have become more complex, leaving the plan sponsor (employer) with multiple duties and responsibilities. Typical challenges include:
- Choosing the number of funds
- Selecting asset classes and fund managers
- Monitoring fund performance
- Making adjustments in the event of losses
Ultimate peace of mind
With Foresight, you no longer need to tackle these challenges. Plan sponsors can delegate these responsibilities to experts who know and understand governance services. Desjardins Insurance1 will handle the entire plan implementation process. We also provide full employee support, including training and communications, information and transaction tools, and statements and reports.
And thanks to its exclusive agreement with Desjardins Insurance, Morningstar will select and monitor investment funds for you – as well as create portfolios in line with your plan participants’ investor profiles.
While we look after the details, you can enjoy peace of mind, knowing that your plan is managed based on CAP requirements and that your investment choices are in good hands.
|The Joint Forum Working Committee on Capital Accumulation Plans (CAP) was established in 1999 to review the education and support provided to CAP plan participants.|
Its goal was to protect the consumer by making investing more understandable and transparent. One key way to achieve this is to better define the roles and responsibilities of plan sponsors, service providers, and plan participants.
To find out more about the responsibilities of service providers, plan sponsors, and plan participants, download the Governance Solution. (PDF, 135 KB)