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flag Insurers now can offer low-cost PRPPs to small-business and self-employed workers, expanding retirement access in several provinces.

flag Standard Life, Great-West Life, and other insurers have received federal licences from OSFI to administer Pooled Registered Pension Plans (PRPPs), expanding retirement savings access for workers at small businesses, self-employed individuals, and federally regulated sector employees. flag PRPPs, enabled by federal and provincial legislation, offer low-cost, portable retirement plans with shared administration to reduce fees. flag The plans are now available in Nova Scotia, Saskatchewan, British Columbia, and Quebec, with more provinces expected to join. flag This initiative aims to improve retirement security for Canadians lacking employer-sponsored pension options.

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