Skip to main content
News
Dec. 13, 2024

Locked-In Retirement Account (LIRA) Announcement

Reduce your tax burden and protect your wealth with insurance.

Plan members can transfer in locked in assets (LIRAs or LIFs) into their existing ARP RRSP or RRIF, consolidating their retirement assets into one, low fee account.

Transfers can be requested on mobile or desktop in under a minute – the member only needs to provide their account number and the name of the relinquishing institution, and we’ll take care of the rest.

Announcement to members

Subject: Get to retirement faster by unifying your accounts

Preview text: Consolidating your savings is simpler than you think

Hello there,

Let’s make 2025 all about fast-tracking your retirement with a consolidated approach to your savings accounts. Transferring in your other RRSPs and TFSAs is a powerful move that can help you retire sooner by paying less in fees.

In addition to these savings accounts, we’re excited to announce that Advantages Retirement Plan™ can now accept your pension funds from previous employers. By consolidating your Locked-In Retirement Accounts (LIRAs), also referred to as locked-in RRSPs, you’ll have greater control over your savings and feel more confident about your overall retirement goals.

Fees in a typical retirement account are 2% or higher, but your fee is significantly lower. It’s an all-in fee that includes:

  • Professional investment management
  • Digital retirement planning tools
  • Dedicated support from our team of retirement specialists

And much more!

Managing all of your retirement savings in one place gives you a clearer picture of your retirement readiness, and you’ll have an easier time creating a stream of income once you retire.

Start a transfer

Log in to your plan on a computer or mobile device and complete a transfer in just a few clicks. Simply provide the name of the relinquishing institution and your account number, and we’ll handle all of the other details.

We’ve updated the terms and conditions of your plan so that we can accept locked-in funds. You can review them here.