Industrial Alliance launches its voluntary retirement savings plan (VRSP) - A simple solution to encourage Quebecers to save for retirement

QUEBEC CITY, July 15, 2014 /CNW Telbec/ - Industrial Alliance is pleased to announce that, starting today, it will be offering the voluntary retirement savings plan (VRSP).

"Our VRSP solution aims to be simple and tailored to the needs and realities of small and medium enterprises," stated Renée Laflamme, Vice-President, Group Savings and Retirement. Employers can apply for their VRSP in just a few minutes at iavrsp.com or through their financial advisor. The plan is quick and easy to implement, and the employer receives step-by-step assistance throughout the process. The simplicity of Industrial Alliance's VRSP lets employers spend their time on their business and still enjoy the benefits associated with offering their employees a group retirement plan.

Since the very first discussions surrounding the VRSP, Industrial Alliance has supported the Quebec's government's efforts to improve retirement savings among workers. "We are happy that the VRSP has become a reality today and that we are able to offer two million Quebecers without a pension plan the opportunity to secure themselves a better financial future," added Renée Laflamme.

About Group Savings and Retirement
Group Savings and Retirement has been administering pension funds for over 60 years. It offers a wide range of products and services adapted to the needs of savings and retirement plan members. With regional offices across Canada, it is one of the largest group savings and retirement service providers in the country.

About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. operates throughout Canada as well as in the United States. The Company offers life and health insurance products, mutual and segregated funds, savings and retirement plans, securities, auto and home insurance, mortgage and car loans and other financial products and services for both individuals and groups. Ranked among the top four life and health insurance companies in Canada, Industrial Alliance is one of Canada's largest public companies and trades on the Toronto Stock Exchange under the ticker symbol IAG.

SOURCE: Industrial Alliance Insurance and Financial Services Inc.

Pierre Picard, Manager, Public Relations, Office: 418-684-5000, ext. 1660, Email: [email protected]