(January 12 – 14:45 ET) – Industrial Alliance Insurance and Financial Services have launched a new registered education savings plan and six new segregated funds. These funds are part of Industrial Alliance’s Ecoflex family of funds, increasing the company’s number of funds to 34.

The new “Diploma” RESP has been designed to assist families systematically set aside funds each month to finance their children’s post-secondary education. Diploma offers the possibility of investing in an index-type segregated fund whose performance is linked to the return of Canadian stocks and bonds, U.S. stocks and international stocks.

“Diploma” offers the possibility to make contributions through monthly payments of as little as $25 a month, accumulate investment income in a tax shelter, obtain a federal government grant under the RESP, make additional contributions at any time or transfer the accumulated investment income to an RRSP if the child does not pursue a post- secondary education.

“Diploma” also provides payment of an education bonus of up to 15% of the total contributions made to the RESP, when the deposit period expires.

Compared to a non-registered investment, the return on the amounts invested in Industrial Alliance’s “Diploma” RESP can be maximized thanks to the bonus paid by the Company, the federal grant and the growth of investment income in a tax shelter.

Industrial Alliance has also introduced six new segregated funds, including three multi-management funds and three individual funds. The new multi-management funds aim to generate a high long- term return while minimizing the risk associated with market fluctuations. The amounts are invested in various asset categories, such as Canadian stocks, foreign stocks and fixed-income securities.

The three new individual funds include a Canadian asset allocation fund and two superior growth funds. The six new funds join Industrial Alliance’s line of “Ecoflex” investment funds and offer the same guarantees at maturity or at death as the Company’s other funds.
-IE Staff