ACPM Recommends Five-Point Plan to Improve Retirement Income Coverage in
Canada

TORONTO, June 10 /CNW/ - Scott Perkin, President of the Association of Canadian Pension Management (ACPM) today released The ACPM Five-Point Plan towards improving retirement income coverage in Canada.

"The recommendations in our Five-Point Plan are a result of months of deliberation based on government consultations, submissions and meetings leading up to the Finance Ministers' meeting in P.E.I. next week.  Enacting the five points in our plan will encourage new business models and new approaches to increase the opportunities for Canadians from all walks of life to participate in retirement savings plans."

The ACPM Five-Point Plan calls on governments to:

1. Remove Barriers to Group Coverage
2. Ensure Defined Benefit Plans Continue as Viable Options for Coverage
3. Enable More Innovations
4. Promote Simplicity in Administration
5. Increase Incentives to Save

"This is a comprehensive plan that requires all five points to be implemented to ensure that every Canadian, including the self-employed and those employed in small businesses, have the saving options that work best for them and their families," said Perkin.

To view the complete ACPM Five-Point Plan please visit www.acpm-acarr.com

The Association of Canadian Pension Management is the informed voice of Canada's retirement income providers.  Established more than three decades ago, ACPM has gained a solid reputation as an outspoken advocate for an effective and fully sustainable retirement income system in Canada. 

ACPM's Individual and Executive Members are drawn from the various industry sectors across Canada.  The Association promotes its vision for the development of a world-leading retirement income system in Canada by championing the following principles:

• Clarity in legislation, regulations and retirement income arrangements;
• Balanced consideration of other stakeholders' interests;
• Excellence in governance and administration.

For further information:

Vanessa Wilson, Communications Director, ACPM

416-964-1260, Ext. 223 or 416-817-1894 (cell) or [email protected]