The Capital Accumulation Plan (CAP) Guidelines apply to Group RRSPs, DPSPs, Defined Contribution (DC) Pension Plans & Group RESPs.

For the most part, the Guidelines reflect current best practices in the industry and define the rights and responsibilities of plan sponsors, service providers and members.

3 Main Themes

1. Governance: Good plan governance includes clear communication to plan members, clearly defined rules that outline and clarify the rights and responsibilities of CAP sponsors, service providers and CAP members, and the establishment of selection and review criteria for investment options and service providers.
   
   
2. Disclosure: A primary focus is to ensure CAP members are provided with the information and assistance they need to make informed investment decisions.
   
   
3. Creation of a level playing field: Wherever possible, the Guidelines attempt to harmonize rules covering segregated funds, pooled funds, mutual funds and insurance products to ensure that there is a similar regulatory result for all CAP products and services, regardless of the regulatory regime that applies to them.

Mackenzie has developed marketing materials to help ensure you and your clients are in compliance with the Guidelines. We have developed checklists for both new and existing plans; a plan sponsor brochure outlining the basics of the guidelines; and have also created a document outlining the responsibilities of Mackenzie, the plan sponsor and the advisor. Mackenzie has also created member booklets for all members outlining the basics of their group plan. This booklet is included in each employee enrolment kit.