Standard Life Canada is adding Addenda Capital Inc. to its Quality & Choice investment program, the investment platform for its group savings and retirement business.

As a result of the addition, one of Addenda’s successful Canadian bond strategies will now be offered as a new investment option in the Quality & Choice program.

Addenda is a publicly-traded, Montreal-based fixed-income manager. By concentrating exclusively on fixed-income investments, the firm is consistently able to add value for its clients.

Addenda is currently ranked tenth in a survey of Canada’s top 40 pension fund managers. According to Nathalie Simard, vice president, marketing and communications at Addenda, the firm is “excited about the opportunity to partner with Standard Life and make our investment expertise available to this wide pool of retirement programs.”

“The addition of Addenda to our lineup creates additional investment opportunities within the fixed-income selection for plan sponsors and their members while at the same time adding real value to our program,” says Brian Cyr, management associate of the Quality & Choice program. This is in line with the philosophy of Quality & Choice, which is to select managers based on their consistent long-term results, the quality of the organization and suitability as an investment option for members of group retirement and savings programs.

“Partnering with Addenda provides us with a greater opportunity to bring value to plan sponsors by helping them build appealing and successful retirement programs,” adds Anthony Cardone, senior vice president, group savings and retirement at Standard Life Canada. Quality & Choice now consists of 15 money managers offering over 85 unique investment options to members of Standard Life Canada’s group savings and retirement programs.