Standard Life in Canada has obtained all necessary approvals to offer a voluntary retirement savings plans (VRSP) to Québec workers.

“We’ve developed a simple VRSP solution that’s easy to…manage for Québec employers and advisors,” says Philippe Toupin, vice president of Group Solutions at Standard Life.

Read: Standard Life gets VRSP license

The company is calling on other provincial and territorial finance ministers to develop similar initiatives. Regarding the VRSP, it adds, all Québec businesses are required to enroll so that the retirement outcomes of more workers will be improved.

Read: Quebec small biz owners support VRSP

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