Plan sponsor newsletter

On September 9, 2024, the Canadian Association of Pension Supervisory Authorities (CAPSA) published the updated “Guideline No. 3—guideline for capital accumulation plans (CAP Guideline),” marking the first update since 2004.

To help you understand these changes, we’ve developed the following resources:

• An updated CAP Guideline landing page with links to relevant resources, including the updated guideline from CAPSA and links to relevant resources
• A position paper, “Understanding the modernized CAP Guideline,” offering a comprehensive look at the updates and their potential implications
• An informative webinar reviewing our position paper on the CAP changes. The webinar will be offered on October 17, 23, and 29. You can register for one of the dates here

In Q4, our member engagement program, It’s about time, will focus on financial literacy and overall wellness, with the goal of helping members make informed decisions that improve their financial health. 

This quarter, we’ll inform members about:

• The benefits of consolidating workplace retirement accounts for a full financial picture in retirement
• The markets and how the U.S. election could affect investing for retirement plan savers
• Strategies for navigating investment risk and managing financial priorities
• Our new Smart$ense financial literacy resources for kids
• Adding/updating a beneficiary to their account or setting a retirement goal
• The opportunity to attend our live webinar, “Taking the stress out of money.”

To view upcoming initiatives and sample communications for our member engagement program, visit our It’s about time program web page.

To mark financial literacy month, we’ve created educational resources that you can offer your members to help their kids understand the basics of personal finance.

Our dedicated Smart$ense page includes a range of fun resources to help different age groups learn about money, how it works, and why it’s important to have financial knowledge. The Smart$ense page will also be shared with members in our upcoming financial well-being quarterly.

Check out the Smart$ense page today.

In July, we launched a new resource on our Resources for retirement industry professionals page. The landing page features our i-Watch notices and alerts, now available to you for a transparent understanding of Manulife’s formal fund and fund manager selection process, the ongoing monitoring of fund managers, and links to the most used resources.

As of January 1, 2025, holders of Quebec-regulated LIF accounts can expect a few new legislative changes. These changes do not require any immediate action from you or your members, but we’ll be sending all affected members an email or letter explaining these changes very soon. In the meantime, we’ll be updating our LIF product information to include the changes.

View all Quebec LIF changes here.

If members would like to change the amount that they withdraw from their LIF, they can work with their advisor or call Manulife.

Are you and your employees receiving our emails?

To ensure that you’re receiving every important update related to your group retirement plan, please update your email systems to add Manulife/Manuvie to your trusted senders list. This will guarantee that our messages get delivered to you and your employees’ inboxes and don’t get blocked or sent directly to junk mail. 

Click the PDF below for instructions on how to unblock our emails:

Adding Manulife emails to your trusted senders list (instructions).pdf

We’d like to advise you that we’re making minor changes to the investment lineup by renaming several funds, which will be reflected on your investment platform. There is no action required from you or plan members who have invested in the applicable funds. In the coming months, we’ll provide details on where to find more information.