Industrial Alliance Insurance and Financial Services Inc. just launched its new planning tool for group retirement plan members.

Named “Your Virtual Guide” the online tool allows plan members to evaluate their retirement needs, establish objectives, select the type of investments that correspond to their investor profile and, where applicable, enrol in the plan.

The guide explains to plan members the importance of personal retirement savings and the advantages of group retirement savings plans. It also provides plan members with advice on how to optimize their retirement savings strategy.

Housed in a secure Web site designed specifically for plan members, the guide also contains decision-making tools that can be used by plan members in total confidence.

“In an environment where few set aside sufficient time needed to plan for their retirement, Your Virtual Guide constitutes a user-friendly, awareness- building tool that is complete and accessible to plan members at all times,” said Lucie Lachance, director, actuarial services and marketing, group pensions, in a release.