Reduce Risk and Give Your Employees Security
If you’re looking for new ways to manage your Defined Benefit pension plan—ways that can help you reduce risks and provide your employees with security during retirement—an RBC Insurance® Group Annuity can help.
Plan Sponsor or Consultant
Information for Plan Sponsors, Consultants and Brokers
A Group Annuity from RBC Insurance can help Defined Benefit pension plan sponsors better manage and control risk while meeting the retirement promises made to their employees.
Key Benefits for Plan Sponsors
- Limit the impact of volatility on your organization’s bottom line
- Transfer the inherent risk of the pension promises to RBC Insurance
- Ensure that retirees’ retirement benefits are secure
- Focus on your core business
- Meet your corporate responsibility
Transfer risk and meet retirement promises
Benefit from a Group Annuity from RBC Insurance®.
Reasons to love RBC Insurance®
We have the strength, stability and expertise to fulfill the pension plan obligations of member pensions
We're one of Canada's largest and most trusted companies and an institution whose history stretches back nearly 150 years.
RBC was ranked the #1 Banking-Based Insurance Brand Globally in 2015 by Brand Finance, an independent brand valuation firm that tracks over 3,500 top companies worldwide.
Transfer risk and meet retirement promises
Benefit from a Group Annuity from RBC Insurance®.
Annuitant
Resources for Annuitants
If your pension plan has been transferred to an RBC Insurance Group Annuity, you can feel confident that your pension will be managed and paid according to the details set out in your original plan.
Help keep us up-to-date
To help us give you great service, please let us know of any life events or changes to your personal information.
- Moving to a new address
- Changing the account where your pension is deposited
- Changing beneficiary information
- Death of a spouse or beneficiary
- Changes in marital status (separation/divorce)
Changing a Beneficiary?
Complete the Appointment of Pension Beneficiary formPdf opens in new window (PDF).
Reasons to love RBC Insurance®
We have the strength, stability and expertise to fulfill the pension plan obligations of member pensions
We're one of Canada's largest and most trusted companies and an institution whose history stretches back nearly 150 years.
RBC was ranked the #1 Banking-Based Insurance Brand Globally in 2015 by Brand Finance, an independent brand valuation firm that tracks over 3,500 top companies worldwide.
Changing a Beneficiary?
Complete the Appointment of Pension Beneficiary form Pdf opens in new window (PDF).
Group Annuity FAQs
If you don’t find the answer you’re looking for, please call us at 1-888-769-2594 or send us an e-mail.
A Group Annuity is a solution offered to Defined Benefit pension plan sponsors who wish to remove some of the financial risk associated with pension plans. Your plan sponsor has transferred that risk to RBC Insurance by purchasing a Group Annuity. What it means to you, as a pension plan member, is that RBC Insurance now has the legal responsibility to pay your pension entitlement.
Annuities are paid in different forms. Your annuity will be payable according to the form indicated in your Group Annuity Certificate. Generally speaking,
- A life annuity provides monthly payments to you for your lifetime. Payments stop when you die.
- A life annuity with a guarantee (such as 5, 10, 15 years) provides monthly payments to you for your lifetime with the added provision that if you do not receive at least the number of payments in the guarantee period during your lifetime, the remaining payments are made to your beneficiary. If you have received the guaranteed payments or more during your lifetime, then payments stop when you die.
- A joint & survivor annuity provides monthly payments to you for your lifetime with the added provision that if your spouse is still alive when you die, your spouse will receive payments at the level you elect at retirement (such as 60%, 75%, 100%). Payments to your spouse stop when your spouse dies. If your spouse is not alive when you die, payments stop.
Whenever your net pension amount changes, RBC Investor Treasury Services will notify you by mail.
You can reach us as follows:
- Call 1-888-769-2594, Monday - Friday, 8am to 8pm (ET)
- Send us an e-mail
Want to Know More?
Ask us how a Group Annuity can reduce risks and give your employees security during retirement.
We’re Here to Help
If you’re an annuitant and have questions, please contact us.
Call 1-888-769-2594