The Longevity Pension Fund from Purpose Investments is the first income-for-life mutual fund for Canadians in retirement.
Similar in design to a defined-benefit pension, the fund distinguishes itself from other products by incorporating longevity risk pooling to provide lifetime income through a flexible and redeemable mutual fund structure available to Canadian retirees.
The fund is the first product released as part of a new holistic retirement solutions platform launched by Purpose Investments. Purpose has an unrelenting focus on client-centric innovation, offering a range of managed and quantitative investment products. Purpose is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent, technology-driven financial services platform.
Exclusive for C.A.R.P. members who invest in the Longevity Pension Fund, get 15% off the management fee, which could amount to hundreds of dollars in savings.
For more information on the Longevity Pension Fund, please visit retirewithlongevity.com
- C.A.R.P. members, or their financial advisors, are responsible for confirming their C.A.R.P. membership to Purpose Investments in order to qualify for the fee discount.
- The fee discount is applicable as of the date Purpose Investments is notified that the investor is a C.A.R.P. member and C.A.R.P. subsequently confirming membership eligibility. The discount will not be retroactively applied.
- Investors must be a C.A.R.P. member at the time they invest in LPF, and any membership savings/promotions cannot be applied to past purchases.
This advertisement is not investment advice, nor is it tailored to the needs or circumstances of any investor. Talk to your investment advisor to determine if the Longevity Pension Fund is suitable for you and always read the prospectus before investing. Commissions, trailing commissions, management fees and expenses all may be associated with the Fund. Investments in the Fund are not guaranteed, and the Fund’s value may change frequently. Past performance may not be repeated. Income in the form of Fund distributions is not guaranteed, and the frequency and amount of distributions may increase or decrease. The Fund has a unique mutual fund structure. Most mutual funds redeem at their associated Net Asset Value (NAV). In contrast, redemptions in the decumulation class of the Fund (whether voluntary or at death) will occur at the lesser of NAV or the initial investment amount less any distributions received.