Wondering if there are benefits to bringing all your investments together? Are there any fees for transferring your assets? Why consolidate when we’re often told not to put all our eggs in one basket? And how do you go about moving your accounts to Bâtirente?
Find clear answers to the questions we hear most often on this topic.
[learn_more caption="Are there advantages to consolidating my assets with Bâtirente?"]
Yes! At Bâtirente, the fee rate you pay gradually decreases as your group’s assets grow, and paying lower fees means more money left for your own projects. This privilege is made possible by the pooled savings offered to our working or retired members as well as their spouses.[/learn_more]
[learn_more caption="How can I learn about the fees related to my Bâtirente plan?"]
You can find this information in the
MY ACCOUNT secure section as well as on your quarterly statement under the
Investments available for your plan section. All fees paid are shown there, expressed as a percentage.[/learn_more]
[learn_more caption="I consolidated my RRSP assets with Bâtirente. Should I do the same thing with my TFSA?"]
Yes. Bâtirente’s fees are the same for all types of plans within the same group. An investment in
Bâtirente’s TFSA therefore benefits from the same cost savings as an RRSP or another plan. You need to verify beforehand whether your investment is redeemable at any time or at a fixed date.[/learn_more]
[learn_more caption="Since a TFSA is not an investment that pays, why transfer it?"]
Actually, it’sIt’s not the plan type (TFSA or RRSP) that determines how well your investments perform but, rather, the investment type chosen. If your TFSA offers very weak performance, this is most probably because it is invested in a savings account and is redeemable at any time. By choosing the same investment funds as those in your pension plan, you benefit thereby from the same performance for all your plans.[/learn_more]
[learn_more caption="I’m a member of Bâtirente, but my spouse is not. Can they become a member?"]
Yes. We can open an account for them in your Bâtirente group that offers them the same advantages as you, at the same management fee rate for all plans (RRSP, TFSA, or LIRA).[/learn_more]
[learn_more caption="Are there any fees for transferring my investments to Bâtirente?"]
That depends on the institution where your investments are held. Financial institutions charge between $50 and $100 per plan transferred. However, these fees are minimal compared to the long-term savings you will realize with your Bâtirente group plan. Depending on your group’s management fee rate, you could save up to 2% annually in fees on your investment balance. For example, if you have $100,000 in an RRSP at another financial institution with a management fee rate of 2.5%, but that rate is only 1% for your Bâtirente group, then you save $1,500 per year. That’s more money for your own projects or for your retirement![/learn_more]
[learn_more caption="Does Bâtirente reimburse these expenses?"]
No. Bâtirente’s
management fee policy does not provide for the reimbursement of these expenses. However, the above calculation shows that the savings achieved through the reduced fee rate fully offset the costs associated with the transfer—-often even within a few months. Moreover, you don’t pay this amount in cash, sincecash since the fee will be deducted from the interest you will have earned on the investment in question.[/learn_more]
[learn_more caption="Why consolidate, given that we’re often told not to put all our eggs in one basket?"]
This is indeed a common expression! But the idea here refers to diversification of portfolio, not of financial institutions. Bâtirente has been a strong,
responsible institution for over 35 years and has the interest of its members at heart. What’s more, we work with
leading portfolio managers with whom we’ve designed five diversified Funds that have proven their ability to weather the toughest market periods.[/learn_more]
[learn_more caption="Can I submit an online request to transfer my accounts to Bâtirente?"]
Yes, if you have one or more plans at another institution, you can now submit your account transfer application electronically. You can complete and submit your request in just 5 minutes and track its progress—compared to a 10-business-day turnaround for paper applications. You’ll also receive automatic email notifications to keep you informed of your application status.
Want to get started? Go to the
My transactions menu, click on
Transfer an account, and follow the steps. For online help, contact one of our Member Services Centre agents at 1-800-463-6984, Monday to Friday, from 8 am to 8 pm.[/learn_more]
[learn_more caption="I’m not very comfortable with computers. Is there another way to transfer my accounts to Bâtirente without using a computer?"]
Yes, just fill out a [wpdm_direct_link id="22427" target="_blank" label="transfer form" ]. The Member Services Centre can support you in this process. To speak to an agent, call 1 800-463-6984, from 8 a.m. to 8 p.m., Monday through Friday.[/learn_more]
Find out more about the advantages of consolidation
Wondering if there are benefits to bringing all your investments together? Are there any fees for transferring your assets? Why consolidate when we’re often told not to put all our eggs in one basket? And how do you go about moving your accounts to Bâtirente?
Find clear answers to the questions we hear most often on this topic.
Are there advantages to consolidating my assets with Bâtirente?
Yes! At Bâtirente, the fee rate you pay gradually decreases as your group’s assets grow, and paying lower fees means more money left for your own projects. This privilege is made possible by the pooled savings offered to our working or retired members as well as their spouses.
How can I learn about the fees related to my Bâtirente plan?
You can find this information in the
MY ACCOUNT secure section as well as on your quarterly statement under the
Investments available for your plan section. All fees paid are shown there, expressed as a percentage.
I consolidated my RRSP assets with Bâtirente. Should I do the same thing with my TFSA?
Yes. Bâtirente’s fees are the same for all types of plans within the same group. An investment in
Bâtirente’s TFSA therefore benefits from the same cost savings as an RRSP or another plan. You need to verify beforehand whether your investment is redeemable at any time or at a fixed date.
Since a TFSA is not an investment that pays, why transfer it?
Actually, it’sIt’s not the plan type (TFSA or RRSP) that determines how well your investments perform but, rather, the investment type chosen. If your TFSA offers very weak performance, this is most probably because it is invested in a savings account and is redeemable at any time. By choosing the same investment funds as those in your pension plan, you benefit thereby from the same performance for all your plans.
I’m a member of Bâtirente, but my spouse is not. Can they become a member?
Yes. We can open an account for them in your Bâtirente group that offers them the same advantages as you, at the same management fee rate for all plans (RRSP, TFSA, or LIRA).
Are there any fees for transferring my investments to Bâtirente?
That depends on the institution where your investments are held. Financial institutions charge between $50 and $100 per plan transferred. However, these fees are minimal compared to the long-term savings you will realize with your Bâtirente group plan. Depending on your group’s management fee rate, you could save up to 2% annually in fees on your investment balance. For example, if you have $100,000 in an RRSP at another financial institution with a management fee rate of 2.5%, but that rate is only 1% for your Bâtirente group, then you save $1,500 per year. That’s more money for your own projects or for your retirement!
Does Bâtirente reimburse these expenses?
No. Bâtirente’s
management fee policy does not provide for the reimbursement of these expenses. However, the above calculation shows that the savings achieved through the reduced fee rate fully offset the costs associated with the transfer—-often even within a few months. Moreover, you don’t pay this amount in cash, sincecash since the fee will be deducted from the interest you will have earned on the investment in question.
Why consolidate, given that we’re often told not to put all our eggs in one basket?
This is indeed a common expression! But the idea here refers to diversification of portfolio, not of financial institutions. Bâtirente has been a strong,
responsible institution for over 35 years and has the interest of its members at heart. What’s more, we work with
leading portfolio managers with whom we’ve designed five diversified Funds that have proven their ability to weather the toughest market periods.
Can I submit an online request to transfer my accounts to Bâtirente?
Yes, if you have one or more plans at another institution, you can now submit your account transfer application electronically. You can complete and submit your request in just 5 minutes and track its progress—compared to a 10-business-day turnaround for paper applications. You’ll also receive automatic email notifications to keep you informed of your application status.
Want to get started? Go to the My transactions menu, click on Transfer an account, and follow the steps. For online help, contact one of our Member Services Centre agents at 1-800-463-6984, Monday to Friday, from 8 am to 8 pm.
I’m not very comfortable with computers. Is there another way to transfer my accounts to Bâtirente without using a computer?
Yes, just fill out a
transfer form. The Member Services Centre can support you in this process. To speak to an agent, call 1 800-463-6984, from 8 a.m. to 8 p.m., Monday through Friday.
Find out more about the advantages of consolidation
