In addition to assisted portfolio management and guaranteed investment certificates, which will still be available, National Bank Trust’s product offering will expand with the introduction of its new Multi-Management Program, among other enhancements that allow new investments to be selected from among 18 different investment vehicles.
National Bank has also implemented a new Internet platform, which will enable participants to consult their accounts online.
To integrate all these new products, National Bank Trust has entered into an administrative agreement with Industrial Alliance. This new agreement will affect about 1,400 pension plans, which have approximately 33,000 members and represent assets of more than $430 million.
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