Standard Life group solutions vice president Philippe Toupin said, "We have developed a simple VRSP solution that is easy to set up and manage for Québec employers and advisors — it only takes about 15 minutes to join online."

"We believe the plan’s compulsory membership for companies and freedom of choice for employees will make this new retirement savings vehicle successful in helping to ensure a retirement income for many more Québec workers."

Besides offering VRSPs, Standard Life delivers an array of retirement savings solutions, such as pension in a box, which is also designed for small and medium-sized companies.

With a workforce of 2,000 employees, Standard Life delivers long-term savings, investment and insurance solutions to more than 1.4 million Canadians, including group retirement and insurance plan members.

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