Financial Literacy Month

November 1, 2023

November is Financial Literacy Month! We wanted to use this month’s blog post to go through the Many Nations Pension Enrolment Kit, and how it can help you with understanding and managing your pension plan. . Keep an eye out on our social media pages this Financial Literacy Month as we share more information on personal finances and retirement planning.

The Many Nations Retirement Guide

In this guide, you will find enclosed all the documents to set you up for success with the Many Nations Pension Plan. The Retirement Guide is a comprehensive booklet that goes through the three steps of planning your retirement through the Many Nations Pension Plan. It also contains information on how to access your online account. For more information on accessing your pension account online, please see this section of our website.

Retirement Guide Steps

 

Inside the Retirement Guide, you will find:

  1. Pension Member Booklet

The member booklet is where you will look to find additional details about your plan. This booklet includes information on retirement, termination of employment, fees, contributions and more.

  1. Pension Plan Overview

This is a one-page document that is a summary of the pension plan.

  1. Enrolment Form

This is the document that you will complete to enroll on the plan. For more details on how to complete this form, please see this video or contact Many Nations for assistance.

  1. Questionnaire

This questionnaire can give you a general idea of which investment options could be best for you. While this questionnaire can provide an accurate assessment, it is always a good idea to consult with your Many Nations Advisor to determine what investment option is best for you.

  1. Many Nations Portfolios

This document outlines our investment portfolios that aim to maximize the growth potential of your investments and to automatically reduce the risk as you approach retirement. This can help preserve the accumulated capital while respecting your risk tolerance. When you retire, these portfolios continue to evolve for ten years, so investments can continue to generate returns, while limiting exposure to market fluctuations.

  1. Range of Investments

The Range of Investments is a 43-page document that includes all the details of each investment option. If you have any questions about the investment options, please feel free to contact your Many Nations Advisor.

Need more information?

If you need a copy of a Many Nations Pension Enrolment Kit, even if you have already enrolled in the plan, please contact us and we can provide you with the documents and answer any questions you may have about the plan.