Fellowship of Christian Assemblies Group Retirement Plan

1. Fellowship of Christian AssembliesGroup Retirement Plan October 16th, 2012 Winnipeg

2. Group Retirement Agenda Introductions Overview of group retirement plans Services and administration Investments Fees

3. Our organization A position of strength Since 1891 Serving more than 12 million Canadians Administering $484 billion in assets All figures as at Dec. 31, 2010

4. At your service across Canada 99-1134

5. Team Approach We’ve got you covered… Customer Service Specialist Client Relationship Manager Account Manager Communication & Education Manager

6. Why Group Retirement?

7. Employee’s Perspective Payroll deductions Tax benefit is earlier in group plans

8. Retirement Plan Options RPP: Defined Benefit • Typically employer & employee funded • Benefit at retirement is determined in advance • Employer contribution levels can change • Funds locked in for retirement • Legislative rules to follow • Can be complex to plan members/sponsors

9. Retirement Plan Options RPP: Defined Contribution • Typically employer & employee funded • Benefit at retirement depends on account value • Funds locked in for retirement • No vesting period in Manitoba • Employer contributions do not attract payroll taxes • Minimum 1% employer contribution • Legislation rules, annual information return • Annual government filing fees for employer • Easily understood by plan members

10. Retirement Plan Options DPSP: Deferred Profit Sharing Plan • Funded only by the employer • Benefit at retirement depends on account value • Contributions do not attract payroll taxes • Funds are not locked in for retirement • Vesting allowed • No government registration fee • Connected persons cannot participate • Convert to cash or transfer to RRSP

11. Retirement Plan Options RRSP: Registered Retirement Savings Plan • Typically employee & employer funded • Benefit at retirement depends on account value • Employer contributions can attract payroll taxes • Immediate vesting • Limited reporting • Spousal contributions allowed • Convert to cash or RIF

12. Group plans and investments Benefits of a group plan • Easy payroll deductions • Preferred investment fees • Power of group • No front end or back end loads • Tax deferred • Customized services and support • Plan sponsored by employer or association • Designed to help participants save for a comfortable retirement • Selection of choice investments & investment managers

13. The new member enrolment guide Table of contents • Plan highlights • Member services • Easy planning steps • Step 1: Envision • Step 2: Calculate • Step 3: Select • Step 4: Enroll • Investment Information • Forms

14. Stay in touch – how you want, when you want GRS Access: Customized member home page Timely, relevant messages Enrolment Investment information Transactional Detailed account information Learning centre and Smart tools FAQs

15. Learning doesn’t stop at enrolment 99-1138

16. Learning doesn’t stop at enrolment Support and education to suit different learning styles and varying levels of knowledge. In print. On line. In person. • GRS Access • Access Line • Mailed statements • Education videos • Smart tools

17. Administration • Based on payroll cycle, the employer remits contributions and an allocation summary to Group Retirement Services • Upload the member data to our website and we can transfer funds electronically to each member’s account. • Let Great-West know when a member joins, terminates or retires from the plan. • Group Retirement Services has developed an easy to use guide to assist with plan administration

18. Contributions Contribution example • Reward long term service with auto-escalation

19. Investment Menu “No Touch” Target date funds “Low Touch” Target risk funds “High Touch” Individual investments: segregated funds, cash & equivalents

20. Target risk asset allocation fundsPortfolio Funds 99-1526

21. Target date asset allocation fundsContinuum Funds Meet John • 45 years old • Plans to retire at age 65 (20 years from now) • 2012 + 20 = 2032 • John should invest in the 2030 fund 2030 Fund

22. Investment solutions that offer choice 30+ investment managers and 200+ investment options Broad range of investment mandates and styles Three target risk fund solutions Four target date fund solutions

23. Group plans and investments - fees Investment management fees (IMF) • Fee charged by Group Retirement Services for administration and delivery of product and services • Fee charged by fund manager for their investing expertise • Annualized charge deducted daily when unit values calculated • Fees for plan vary depending on size of plan and number of members • Fees may fluctuate depending on market conditions or other factors • May be found in your member booklet

24. Group plans and investments - fees Other fees • No annual fees • No per member fees • Members allowed one withdrawal per year, thereafter they are charged $50 • Fees upon termination or transfer of the plan

25. Strongest financial ratings in industry Service offices all across Canada State of the art member materials Broadest investment menu in the marketplace Superior risk-adjusted returns Power in partnership

26. Great-West Life delivers