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Keyword: Locked-in accounts

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Consultation seeks feedback on framework for variable life benefits

If your client leaves an employer that offered a defined-benefit pension plan, the client may have options for handling the assets in that plan. Some rules vary from province to province

Former plan members gain greater access to locked-in retirement accounts

People facing financial hardship gain greater flexibility to withdraw from locked-in pensions

  • By: IE Staff
  • September 12, 2014 September 12, 2014
  • 13:45

Financial hardship unlocking process simplified

Fraudsters promise that funds can be withdrawn on a tax-free basis

Changes include one-time opportunities to withdraw or transfer amounts

Comments due Feb. 13, 2009

Superintendent of Pensions investigating

Owners of existing LIFs no longer required to purchase an annuity by the end of the year in which they reach 80