Link’s ALPP pension offering, innovative digital platform bolster retirement goals
Retirement. The halcyon days where vacation dreams are realized. Newfound comfort and happiness, where you’re finally able to enjoy the fruits of your labour.
But does that vision reflect eventual reality? For a large number of Canadians, apparently not.
A shocking 32% of Canadians between the ages of 45 and 64 say they have nothing—absolutely nothing—saved for retirement.
On what is surely a related note, the same study notes that 53% of respondents don’t know if they’re saving enough to live comfortably for their entire retirement.
Some are calling this a looming retirement crisis in Canada. And for small to midsized businesses—the people who work for them, and the people who run them—a series of barriers have traditionally stood in the way of optimal retirement outcomes.
Barriers like high fees and a heavy administrative burden for employers, and a general lack of investment knowledge for employees.
Link Investment Management can remove all of those barriers in one fell swoop, thanks to our established LINK Multi Employer Pension Plan—a true pension plan for small businesses.
Removing burden, reducing fees
Retirement planning is not a one-size-fits-all exercise. If you’re a business owner, it can be increasingly difficult to find a solution that benefits all of your employees and supports their retirement goals.
Our ALPP—a multi-employer defined contribution (DC) pension plan—can help small to midsized businesses to answer this mounting challenge.
As a business owner, your primary concern should be just that—running an effective and profitable business. A plan like Link’s ALPP helps to alleviate many of the barriers that employers face in executing a pension for their employees.
DC plans have traditionally been cumbersome to maintain, and can be riddled with regulatory requirements making it tough for smaller businesses to manage.
Our ALPP is universally open to any Alberta employer, with Link taking on the burden of plan sponsorship, administration and regulatory demands.
Link also charges about 1% to professionally manage each of your employees’ retirement assets, with full fee transparency. Compare that to the traditional providers, who still charge as much as 3%, depending on their investment choices and plan size.
Helping your employees reach their goals
Every employee has a unique set of retirement goals. But all too often, under the traditional model, they are asked to make retirement investment decisions—often from a restrictive set of options—that they don’t understand.
Link’s ALPP offers employees the option to choose our own automated management portfolio platform. This portfolio uses a proprietary algorithm that helps your employees determine their risk tolerance, retirement objectives, and time frame—and generates a tailor-made investment portfolio consisting of low-cost, flexible exchange traded funds (ETFs).
We also provide ongoing, automatic rebalancing of those portfolios, and an annual checkup to ensure an employee’s investments are still on target.
Create a caring workplace culture
Do we truly have a looming retirement crisis in Canada?
Not with plans like Link’s ALPP, group RRSP or group TFSA options available. Make sure your employees aren’t among that 32%. Contact Link today to connect with one of our investment specialists.