Gain a solid understanding of what retirement income needs are and how retirement plans work to meet those needs. Learn about the various types of registered and nonregistered pension and savings plans, and take a deep dive into the intent and application of the Capital Accumulation Plan (CAP) Guidelines and the Canadian Association of Pension Supervisory Authorities (CAPSA) Guidelines.
The four courses should be taken in the following recommended order:
The Retirement Landscape
Gain a basic understanding of what retirement income needs are and how retirement plans work to meet those needs. This course introduces the three pillars of the retirement system and outlines the key characteristics and the prevalence of registered and nonregistered plans.
Employer-Sponsored Retirement Plans
This course provides an overview of benefits arising from a registered pension plan on retirement, termination of employment or death. It examines various types of defined benefit registered pension plans and nonregistered savings plans and explains the pros and cons for employees and employers.
Retirement Plan Sponsor Responsibilities
This course provides a detailed explanation of the Capital Accumulation Plan (CAP) Guidelines and the Canadian Association of Pension Supervisory Authorities (CAPSA) Guidelines. It reviews their significance for plan sponsors, plan members and insurers and highlights key differences between the two.
Life Cycle of a Group Retirement Plan
Understand the insurer’s role and responsibilities at all stages of a capital accumulation plan (CAP) life cycle—prospecting, quoting/selling, implementing, servicing and terminating. Ethical decision making is examined from the perspectives of all parties involved.