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 | What are my responsibilities as a plan member?
Any tax-assisted group savings plan that allows you to decide between two or more investment options is defined as a Capital Accumulation Plan or CAP.
The same CAP guidelines that outline responsibilities for CAP sponsors also confirm what plan members are required to do.
As a CAP Plan member, you have these responsibilities:
- you must decide how much to contribute to your plan,
- you must make use of the information and decision making tools made available to you through your plan,
- you must select investments, and
- you must regularly review your investments to ensure they continue to meet your retirement and investment goals.
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The guidelines also recommend you consider obtaining investment advice from an appropriately qualified individual as well as making use of the information or tools provided through your plan. | |
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