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Wealth Professional | 09 Dec 2014, 10:06 AM Agree 0
Forget businesses, ORPP legislation could mean a revenue reduction for many Ontario advisors.
  • ian polzin | 09 Dec 2014, 05:50 PM Agree 0
    Excellent opportunity to speak with your clients who have defined contribution plans as well as those that have no pension.
    Today the average canadians life expectancy far exceeds the cpp mortality tables , without immediate collective intervention the majority 60% of canadians will have no pension other than cpp and personal savings. The cpp has been compromised due to longevity . Today Canadians are saving at the lowest rate in modern history ..
    By addressing it today we are creating a discussion on estate and pension planning that may otherwise be avoided.
    Here is an opportunity of discussing the moral obligation of pension planning with employers and the devastation of low interest rates have had on personal savings and on pensions

    The cost to the employer sounds like a burden and for the most part it will be passed onto the consumers.
    But it is the same consumers it is intended to protect and who will benefit.
    As all employees and owners are consumers.
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