IFIC Commends Ministers for Historic Agreement on Pension Reform
Toronto, ON – June 21, 2016 – The Investment Funds Institute of Canada (IFIC) today issued a statement commending the Ministers of Finance from Canada and most provinces across the country for reaching a historic agreement-in-principle on pension reform.
“Reaching national consensus on such a complex issue is a notable accomplishment,” said Joanne De Laurentiis, IFIC’s president and CEO. “We commend the ministers for their commitment to building on Canada’s strong retirement framework.”
The Canadian mutual funds industry has long endorsed a modest expansion of the CPP as one of a series of targeted approaches to strengthen the existing system.
“Canada’s robust savings framework provides individuals with a variety of options to meet their needs and is serving the vast majority of Canadians well,” De Laurentiis said. “The most effective way to support those who are not on track for retirement is through targeted improvements that strengthen the existing system.”
IFIC is part of a coalition of 15 organizations that is calling for a coordinated national targeted approach to retirement savings.
The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers and distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada’s mutual fund industry and its investors for more than 50 years.
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Sara Clodman, Senior Manager, Public Affairs: email@example.com 416-309-2317