Ready, set, aim with On Target Retirement!

Sixty-four percent of Canadian employers say their employees prefer not to think about retirement savings until they're much closer to retirement

Toronto, September 11, 2009 – Desjardins Financial Security is pleased to launch On Target Retirement, a personalized financial planning tool for members of its group retirement savings plans.

On Target Retirement is a simulator that combines online solutions with more traditional communication tools so that plan members can take stock of their finances and set their retirement goals using customized information based on their own personal situation. Members will now be able to determine whether or not they can achieve the target they have set for themselves and identify any changes that may need to be made to their investment strategy. On Target Retirement is part of the Setting Sail for the Future education program available on the secure site for members of Desjardins Financial Security group retirement savings plans.

According to the 2009 Health is Cool! survey, 71% of employers feel that their employees don't know enough about their group savings or retirement plan as they should. "On Target Retirement lets plan sponsors emphasize how important it is for members to have a sound retirement savings strategy. It also helps plan sponsors meet stringent governance requirements thanks to built-in reports, developed using best practices, that proactively monitor what plan members are doing in terms of their retirement goals," stated Éric Filion, Senior Director, Product Development and Marketing, Group Retirement Savings.

Effective immediately, On Target Retirement is available under all Desjardins Financial Security group retirement savings plans.

About Desjardins Financial Security

Desjardins Financial Security, a subsidiary of Desjardins Group, the largest integrated cooperative financial group in Canada, specializes in providing life insurance, health insurance and retirement savings products to individuals and groups. Every day, over five million Canadians rely on Desjardins Financial Security to ensure their financial well-being. Desjardins Financial Security employs some 3,800 people and administers over $20.4 billion in assets from offices in several cities across the country, including Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montréal, Québec, Lévis, Halifax and St. John's. For more information, visit our website at www.desjardinsfinancialsecurity.com.

-30-

Source:
Sarah Twomey
Desjardins Financial Security
Tel.: 416-926-2700, extension 2015
Toll free: 1-877-906-5551, ext. 2015
Virtual newsroom: http://www.desjardinsfinancialsecurity.com/press