What is a Group RSP?

A Group RSP is a collection of individual RSPs where a company or organization has agreed to sponsor the group. It allows employees to contribute to their RSP through payroll deductions and employers may choose to match some or all of the contributions.

Are you:

The sponsor?
The employee?

The sponsor

What are the key features of the HSBC Group RSP?

• Your employees are provided with a solid retirement savings plan that has a wide range of investment options that can be tailored to their unique situation.
• A selection of the world's leading investment managers are involved in managing the portfolios offered within the HSBC Group RSP.
• There are no set-up fees, commissions or annual administration fees.
• Your employees can have personal investment consultations with an HSBC Mutual Fund Advisor*.

What are the benefits of taking part in the HSBC Group RSP?

• It can help your employees save for retirement, while potentially boosting morale and motivation.
• You can use a Group RSP to attract, as well as reward and retain, valuable employees.
• Low costs and easy to administer.
• You have a choice as to whether you want to match your employees' contributions or not.

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The employee

What are the key features of the HSBC Group RSP?

• You can invest in a wide range of individual mutual funds¹.
• Or, you can invest in World Selection Diversified Funds¹  that provide diversification, asset allocation and rebalancing.
• Or, you can invest in World Selection Portfolio^{TM 2}, a discretionary investment management service with access to leading investment managers in Canada and around the world.
• An investment consultation with an HSBC Mutual Fund Advisor* will help you select the most appropriate solution for you. Contact your nearest branch to make an appointment.
• There are no set-up fees or annual administration fees.
• A spousal RSP can be considered where the higher income earner contributes to the RSP and gets the tax deduction.
• Tax-deductible contributions are made with each pay cheque.
• Lump sum contributions can be made at any time.

What are the benefits of taking part in the HSBC Group RSP?

• It is a flexible, affordable and effective way for you to help move towards a secure financial future.
• By contributing to your HSBC Group RSP each pay cheque, you will help to maximize your savings during your wage-earning years.
• You'll have access to a full range of investment options and leading investment managers.
• You'll receive personalized investment guidance from an HSBC Mutual Fund Advisor*.

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