Industrial Alliance Insurance and Financial Services has launched Your Retirement Tracker, a new financial planning tool for members of its group retirement savings plans.

Your Retirement Tracker gives members a simple and clear analysis of their financial situation for the amounts accumulated with Industrial Alliance in their group retirement plan, and for the savings accumulated outside of the plan, including public pension plans.

Daniel Bannon, senior director for compliance and client service of Industrial Alliance, said: In accordance with the guidelines for accumulation plans, administrators have responsibilities, especially to provide information to members. Your Retirement Tracker helps administrators to properly manage their plans. With Your Retirement Tracker, plan administrators know where members are in respect to their retirement planning objectives. They can thus take steps to better inform members and help them to attain their objectives.