The federal government recently published draft legislation to create pooled registered pension plans ("PRPP"). The aim of the legislation is to provide employees and self-employed individuals with a low cost means of saving for their retirement if they so choose. Voluntary employer contributions will be tax free. Québec, like the other provinces, will be implementing its own parallel provisions creating Voluntary Retirement Savings Plans ("VRSP").
We have the honour of welcoming Québec's Deputy Minister for Finance, Mr. Alain Paquet, who will give a brief presentation on the VRSPs now being considered by the Quebec government. He will then participate in a round table discussion on the major issues concerning the project. Other topics of discussion will include:
How will VRSPs work?
What impact will VRSPs have on the savings market and, more particularly, on the other types of pension plans?
How will mutual funds and their managers be affected?
What requirements will apply to institutions that want to qualify as PRPP administrators?
What new business opportunities will portfolio managers have with future PRPP administrators?
This is an opportunity for industry players to determine whether this new regulatory framework will have a positive or negative impact and allow them to voice their opinions directly before the government.
Note: An application to have this event recognized as a mandatory continuing education activity has been submitted to the Québec Bar.