RRSP Enhancements On October 1, 2001 the investment fund options available through the NABET 700 Structured Group RRSP were expanded once again. Manulife Financial has added three of Canada's leading pension managers to the program Jarislowsky Fraser Ltd. Investment Counsel Perigee Investment Counsel Inc. and Knight, Bain, Seath & Holbrook Capital Management Inc To gain some insight into one of our new fund managers, tune into Report on Business Television on Friday October 19 and 26 at 7:05 am EST. Knight, Bain, Seath & Holbrook Capital Management Inc.'s portfolio managers will express their views about the global equity markets in which they invest. In addition, 6 new funds have been introduced from existing managers Manulife U.S. Equity Fund - AllianceBernstein Manulife Canadian Bond Index Fund - Elliott & Page Limited Manulife International Equity Fund - Franklin Templeton Investments Manulife Canadian Large-Cap, Top-Down Equity Fund - J. Zechner Associates Manulife Sceptre Global Equity Fund - Sceptre Investment Counsel Limited Manulife Canadian Large-Cap Blend Equity Fund - Sceptre Investment Counsel Limited Manulife Financial now offers you a total of 61 funds, 17 Investment Management Companies and 7 Guaranteed Interest Accounts (GIAs) through the NABET 700 Structured Group RRSP. The program provides many different investment styles and asset classes necessary to meet your needs for diversification and risk management. Putting It All in Perspective The physical and psychological scars of the terrorist attacks staged in the United States on September 11, 2001 are all too clear. And for a time the economic and financial considerations that are now part of the aftermath will be less apparent. We know that the North American economy was ailing prior to the 11th of September and the attacks will serve to prolong the economic recovery into next year as businesses and individuals re-evaluate their priorities. We also know that the economy is in fundamentally good shape and poised for growth. Interest rates are beyond 40-year lows, direct federal spending and tax cuts always generate economic activity and although the existence of war is unfortunate, it has fueled the economy in the past. The following table is a historical presentation of Dow Jones Industrial Average (DJIA) performance following a variety of global crisis spanning the past 60 years. In all cases it is apparent that stock market volatility and declines were a short-term outcome. As time passed however, the stock market rebounded to new highs within 6 months of each event. History has proven itself to be a good guide because since markets re-opened on September 17, 2001 we have watched stock markets decline quickly, stabilize and then in very short order, recover lost ground. We must all get accustomed to this new economy along with its ferocity and its resilience. Having crossed that 'anxiety gap' we are focusing our attention on the coming months and the economic recovery that will arrive. After all, it is not a question of if, but of when and if you are a long-term investor then short-term uncertainty should not affect your plans. This bear market, which is entering its 17th month, has at the very least presented significant buying signals for all types of investors. As each day passes investors are becoming less uncertain of the economy's direction and as that uncertainty evaporates so too will many opportunities to add to your portfolio and position yourself for a strong recovery. Semi-Annual Statements In July 2001, ManuLife Financial mailed all enrolled plan members semi-annual Financial Statements. If you did not receive yours, please contact your plan administrator, Matheis Associates. If you did not receive a semi-annual statement in July 2001, it may be because you have not completed an enrolment form. It is very important to ensure that a signed enrolment form is on file to confirm your personal information, choose a beneficiary and make your investment choices. If you are unsure if an enrolment form is on file, please contact Matheis Associates. New Voluntary Contributions Can Be Made By Pre-Authorized Chequing ManuLife Financial has made topping up your RRSP account easier. For more information, please contact Matheis Associates. Type Of Plan Group Registered Retirement Savings Plan (GRRSP) Eligibility All current members of NABET 700 CEP in good standing are eligible with no waiting period. Participation Mandatory Program Contribution Level Member Required contributions are a percentage of Earnings received under a NABET contract as per the Collective Agreement. Maximum Annual Member contributions to an RRSP are 18% of the previous year's earned income, less producer contributions, to a maximum of $13,500 for 2000-2002. All contributions to the Plan are subject to the Retirement Savings Plan provisions, the NABET 700 CEP Trust Agreement and each Collective Agreement. Payroll Deductions Payroll deductions will be available subject to the payroll company and the NABET 700 CEP Plan Trustee's approval. Vesting Immediate on Plan Enrolment. Withdrawals - Processing fees and market value adjustments will apply. Withdrawals for Home Buyer's Plan will be allowed subject to processing fees and any disbursements, if incurred. Notwithstanding the foregoing, exceptions will be at the discretion of NABET 700 CEP and/or the Trustees. Fund Allocations Members may choose fund allocations from the program. GICs, Pooled Funds, Asset Allocation Funds and Index Funds are available. Failure to select a fund allocation on enrolment will result in the funds being deposited to the 1 Yr Guaranteed Investment Account. Retirement Funds are available at retirement age but must be removed from the plan by the end of the year in which you turn 69. Termination Plan Members' funds are to be transferred or withdrawn from the Plan immediately following confirmation of acceptance of resignation or expulsion from NABET 700 CEP and only once the Plan Member has enrolled and all deposits have been allocated. Spousal contributions available Enrolment Forms are required to activate. Advantages of Pooled Funds vs. Mutual Funds Creditor Protected savings. Preferred Beneficiary Status - this especially protects incorporated or independent sole proprietors. Pooled Funds are 100% ÒDepositor GuaranteedÓ - better than CDIC protection. Pooled Funds (Segregated Funds) Managed By: AGF Group of Funds Altamira Management Ltd. Elliott & Page Limited Fidelity Investments ManuLife International Investment Management Ltd. McLean, Budden Limited Seamark Asset Management Limited Trimark Investment Management Inc. Wide range of investment options: Asset Allocations Funds and Index Funds American Stock Funds Balanced Funds Bond Funds Canadian Equity Funds Equity Growth Funds Fixed Income Funds Short Term Securities International Equity Funds International Bond Funds All in all, in excess of 50 investment funds with more being added. Hassle Free Investing ... ManuLife Asset Allocation Funds ... An Excellent Choice (New Information - June, 2001) One of the most attractive features of ManuLife's Asset Allocation funds is that they are regularly reviewed and re-balanced by investment professionals who ensure they continue to provide the greatest possible value. ManuLife's Asset Allocation Funds have recently been re-balanced among the various component funds resulting in even more efficient portfolios. Four New Funds to Choose From (New Information - June, 2001) ManuLife made four new specialty funds available as of February 1, 2001. The new funds mean access to a greater choice of funds. The funds are: ManuLife's Canadian Balanced Ethics Fund Invests in units of the McLean Budden Select Balanced Fund. The fund is screened to eliminate investment in companies involved in industries such as tobacco and gambling. To enhance the screening, additional (social screening) research is provided to McLean Budden by Michael Jantzi Research Associates Inc. an independent research firm. The ethics fund is ideal for the increasing numbers of consumers interesting in investing in companies that are responsible corporate citizens. Socially responsible investments in Canada account for nearly $50 billion according to a survey on social investments released by the Social Investment Organization. These assets represent 3.2 per cent of the retail mutual fund market and institutional investment market. The mutual fund sector has grown by about 30 per cent in assets over the past two years, while socially responsible mutual funds have grown by about 75 per cent. ManuLife's CI International Balanced Fund Is managed by CI Mutual Funds Inc., one of Canada's leading fund managers. The CI International Balanced Fund has received a five-star rating from Morningstar Canada. This fund offers investors an opportunity to diversify globally across all asset classes within a single fund. ManuLife's Canadian Small Cap Equity Fund Is managed by Howson Tattersall whose small cap mutual fund has received a four-star rating from Morningstar Canada. The fund allows Investors to take advantage of the growth potential of small companies. ManuLife's Talvest Global Science and Technology Fund Invests in the Talvest Global Science and Technology Fund, which has received a four-star rating from Morningstar Canada. This fund gives more aggressive investors access to the high growth potential of global technology leaders. For more information about all our ManuLife funds contact Geoff Campbell (geoff@matheisassociates.com) or Harry Matheis (harry@matheisassociates.com), your plan administrators. Current Fund Managers in Your Plan (New Information - June, 2001) AGF Funds, Inc. AIM Funds Management Inc, (AIM) & Trimark Investment Altamira Investment Services Inc. Barclays Global Investors CI Funds Elliott & Page Limited Fidelity Investments Canada Limited Franklin Templeton Investments Howson Tattersall ManuLife International Investment Management Limited McLean Budden Limited Sceptre Investment Counsel Limited Seamark Asset Management Ltd. Guaranteed Interest Deposit Account (Like A GIC) 1, 2, 3, 4, and 5 Year terms available, plus a Daily Interest Account. Contributions received earn the interest rates applicable to the term period selected as at the date that the contribution is received by the Plan Custodian. Interest is credited monthly, compounded annually. Hassle-free payroll deductions. Accumulation of savings for retirement Tax-deferred growth of savings Additional contributions are deductible from earnings Creditor Protected RRSP savings 24 hours a day, 7 days a week telephone and internet access to account balance, unit values, description of your funds, current and historical rates of return and a summary of your contributions New Semi-annual fund statements that are easy to read with growth graphs. Matheis Associates Benefits Consultants Inc. Address: 204-1099 Kingston Road, Pickering, ON L1V 1B5 Phone: (905) 837-2600 or 1 (800) 889-9487 Website: www.matheisassociates.com PLAN ADMINISTRATOR: Mary-Anne Rogers mary-anne@matheisassociates.com INVESTMENT ADVISORS: Geoff Campbell - geoff@matheisassociates.com Harry Matheis - harry@matheisassociates.com (New Information - June, 2001) If you did not receive a semi-annual statement in July 2001, it may be because you have not completed an enrolment form. It is very important to ensure that a signed enrolment form is on file to confirm your personal information, choose a beneficiary and make your investment choices. If you are unsure if an enrolment form is on file, please contact Matheis Associates. Having an original signature on an enrolment form means that we can provide faster, more efficient service to the members on various transactions. A member's signature on the enrolment form is necessary for the plan member's beneficiary designation to be valid. For example, if a Group RRSP plan member died, an we have an original signature, those savings would be paid out to the plan member's selected beneficiary and not just to their estate. The enrolment form is available from the ManuLife Web site (as an Adobe Acrobat file). Or contact your plan administrator, and an enrolment package will be forwarded to you. Once you have filled it out they can be faxed or mailed to the NABET 700 CEP office. If you are unsure if you have completed an enrolment form, please contact your plan administrator. (Updated - August, 2001) ManuLife Financial, your plan custodian, wants to provide you with more information on-line. To order your personal PIN, please call 1 888 245-5558. Some of the on-line information you will find helpful: Obtain account balances and summary of contributions Review current investment allocations Get current unit values and interest rates Make investment changes Keep account secure by changing Personal Identification Number Talk with a Client Service Representative You can also prepare your tax return online! (New Information - June, 2001) Each enrolled plan member can do their taxes online this year with a new link from the ManuLife GRO web site to Quicken's QuickTaxWeb.ca. Implemented as part of ManuLife's alliance with Intuit Canada, the country's leading provider of tax software, it offers an easy and secure way to prepare tax forms and file them online. Simply clicking on the QuickTaxWeb.ca button on the GRO site menu bar provides everything necessary to prepare returns. Through a step-by-step format called the EasyStep interview, you will be walked through an individualized process that even offers information on the latest 2000 tax legislation changes. You can create an account, get your own ID number and password, and try it for free. You only have to pay when you submit the file. This can also be done online through a link to the federal government's NETFILE. Download this information in the Benefits Program Summary pamphlet as an Adobe Acrobat file. Back to Dues & Benefits Download it now. It's free.
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