Skip to main content

How Canada Life is supporting you during COVID-19. Learn more

Your web browser is out-of-date. For the best experience, please update to a modern browser like Chrome, Edge, Safari or Mozilla Firefox.

Retirement solutions for departing employees

Help your employees retire with confidence

NextStep can help make the financial transition to their next chapter easier.

Image alt text required
  • Focus on your current employees

    We keep track of retiring or leaving plan members so you can prioritize today’s workforce.

  • Empower your retiring employees

    From RRSPs to TFSAs and NRSPs, we help them understand the options available to them.

  • Smooth journey forward

    Leaving or retiring employees can easily transfer out of your plan to Canada Life’s NextStep.

What is NextStep?

You helped them plan for the future when they were part of your team.

With NextStep, you can make sure your retiring or leaving employees start this new financial chapter of their lives with the same confidence – and great group rate - they had when they were saving with your group retirement savings plan.  

Why should I offer my employees NextStep?

Before they retire, your plan members need to decide how they’ll turn their savings into retirement income. If they’re terminated or moving on, your younger employees also need to choose what happens to the money they’ve saved with you. 

It’s a complex decision that many struggle with, but you can make this step easier by teaming up with Canada Life - with no additional administration or costs for you as their plan sponsor.

Let us help you help your employees save for the future.

Why should my employees choose NextStep?

  • Personalized service

    Specialists with deep financial experience guide your employees to make a decision about their savings that works for them.

  • Great savings

    They’ll keep the group advantage with generally lower fees than retail investments – and a simple sign up process means they get their money working for them faster.

  • Support sooner

    Our simple Terminate feature on GRS Access means employees learn about their options and can make important decisions more quickly.

Why us?

Canada Life has been paying claims for 150 years. Work with one of our trusted advisors to help build a plan for you.

More about benefits for your employees