Investment program

Simple investment options for your employees

Great-West Life’s PRPP investment lineup has been pre-determined – you don’t need to do anything.

The investment selection is simple for your employees and is designed to meet their retirement savings needs with clearly defined, understandable investment choice.  It has been created with the needs of PRPP plan members and plan design in mind.

We regularly review our investment options to make sure they’re living up to high performance standards.

You and your employees can get timely and detailed information on each fund through our website, GRS Access anytime, anywhere. Here’s a sample of our fund report and what you and your employees can expect to see once they have joined the plan.

Your employees decide how much their contributions will be and then choose the appropriate investment options listed in the chart below to match their savings goal. 

It’s simple. Employees choose either Solution 1 or Solution 2:

Solution 1: Harmonized Target Date Funds

These funds are ideal for employees who don’t have the time or desire to choose and manage their investments. Employees simply select the year they want to retire and choose the target date fund that most closely matches that year.

Solution 2: Harmonized Asset Class Funds

These funds are ideal for employees who want a more hands-on approach to investing. They can complete the Investment personality questionnaire to help them select the funds that best match their investment goals and risk tolerance.

If employees wish, they can even choose a combination of solution one and two. Guaranteed investment accounts are also available for employees to include as part of their investment portfolio.

Solution 1

Harmonized Target Date Funds

It’s ideal if your employees don’t have the time or desire to choose and manage their investments. They simply select the year they want to retire and choose the target date fund that most closely matches that year. Also, if they don’t make an investment selection within 60 days of receiving their welcome package, their contributions will be automatically invested into the Harmonized Target Date Fund that’s closest to the year they turn 65.

Funds

In a nutshell

2015 Harmonized Fund

Every Harmonized Target Date Fund invests in a collection of individual funds, spread among different asset classes. This is also known as diversification and it helps your employees’ funds withstand the ups and downs of financial markets.


The fund is adjusted to suit different stages of retirement planning and risk tolerance, targeting to grow your employees’ fund when they’re younger and conserve it as they approach retirement.

2020 Harmonized Fund

2025 Harmonized  Fund

2030 Harmonized Fund

2035 Harmonized Fund

2040 Harmonized Fund

2045 Harmonized Fund

2050 Harmonized Fund

2055 Harmonized Fund

Solution 2

Harmonized Asset Class Funds

Employees can build their own investment portfolio with Harmonized Asset Class Funds. It’s ideal if they want a more
hands-on approach to investing. Here’s how they do it:

Step 1: Employees complete the Investment personality questionnaire by signing in to GRS Access (www.grsaccess.com) and launching the Plan your retirement tool under Planning & learning. The questionnaire determines the asset mix based on their investment goals and risk tolerance.

Step 2: Employees match the final total from the questionnaire to the corresponding investment personality. For example, if their final total is between 165 to 199 points, their investment personality is Advanced. Employees would choose the Harmonized Asset Class Funds shown below that match the mix shown in the questionnaire.

Funds

In a nutshell

Harmonized Fixed Income Fund

Each Harmonized Asset Class Fund consists of several underlying funds in the same asset class, giving employees diversification in a single fund.


Employees leave the decisions to investment professionals, who make sure the fund is diversified appropriately. They’ll also adjust the fund so their investment mix stays in line with employees’ financial goals.

Harmonized Canadian Equity Fund

Harmonized Foreign Equity Fund

Harmonized Special Equity Fund

Guaranteed investment accounts (GIAs)

GIAs are also available for employees to include as part of their investment portfolio. They can choose the duration for which they want to invest their contributions.

Options

In a nutshell

Daily interest account

These conservative investment options provide capital preservation while earning a fixed interest rate for a predetermined period of time.


This isn’t optimal for long-term investing due to potential lower returns. Our investment selection tool: Investment personality questionnaire (IPQ) can help your employees choose an appropriate investment solution suitable for their long-term savings goals.


Guaranteed investment accounts are protected by Assuris*.

One year

Three years

Five years

 * Guaranteed Investment Accounts (GIAs) are underwritten by the London Life Insurance Company; a member of Assuris. Assuris is a not-for-profit corporation, funded by the life insurance industry, that protects Canadian policyholders against loss of benefits due to the financial failure of a member company. Details about the extent of Assuris’s protection are available at www.assuris.ca or in its brochure, which can be obtained from info@assuris.ca or by calling 1-866-878-1225.

Learn more about the PRPP funds

Let us know if you’d like to find out more about how the PRPP investment lineup can help you and your employees’ reach their retirement and savings goals.