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Products > Group Retirement > Small business > FutureStep


Approximately 500,000 small to mid-sized businesses in Canada don’t currently offer retirement savings plans to their employees.1

As an advisor, a tremendous opportunity exists for you to reach employers in need of a group savings plan and grow your business by:

  • Diversifying your revenue stream – each plan sold generates a steady flow of future revenue,
  • Providing access to high-value prospects – including business owners and executives,
  • Keeping your prospecting pipeline full – selling group retirement plans creates opportunities to cross sell to an ever-growing employee base,
  • Creating a large source of referral opportunities – for future business growth, and
  • Differentiating yourself in your community – helping to establish yourself as an expert in small-business retirement solutions.

With this in mind, Manulife has developed FutureStep®, a small-business savings solution that will:

  • Enable you to build close relationships with your small-business clients and use your expertise to provide additional value for all their business needs, and
  • Help small businesses stand out in their marketplace, stay competitive, retain employees – and provide greater financial security to their employees.

Group RRSP: FutureStep is a Group Registered Retirement Savings Plan (RRSP), a savings vehicle offered by an employer to his/her employees as a way to save for the future. Both employers and employees can contribute to the plan and receive certain tax advantages. The FutureStep Group RRSP features best-in-class investment options, education and online services that are typically only available to larger companies. All of these features are offered within a cost-effective design that is easy to set-up and manage.

DPSP Option: Building on the success of the group RRSP, we have expanded FutureStep to include a Deferred Profit Sharing Plan (DPSP) -- an employer-sponsored profit sharing plan that is registered as a trust arrangement with the Canada Revenue Agency (CRA).

Businesses now have the choice of either offering a FutureStep RRSP or a FutureStep RRSP with a DPSP option. The DPSP option is not a stand-alone offering and can only be purchased with the Group RRSP.

This, in turn, presents you – the advisor -- with a great opportunity to:

  • Strengthen the value you bring to your clients,
  • Expand your block of business and increase your income, and
  • Capitalize on individual leads generated by cross-selling additional products, such as life insurance or other investment

Product information 

To participate in FutureStep, businesses need:

  • A minimum of two employees, and
  • An anticipated cashflow of $10,000.

Employers have the ability to customize their plan design to include:

  • Employee classes,
  • Eligibility,
  • Contribution amounts, and
  • Withdrawal rules.

FutureStep investments consist of a managed fund line-up. These funds are closely monitored using:

FutureStep offers a range of services to employers and their employees. Our FutureStep product brochure outlines all of the details you need to know about the group RRSP and DPSP option.


FutureStep’s fund line-up includes options that work well for people who know little about investing, as well as those who are well-versed in building and managing their own investment portfolios.

Resources that clients are encouraged to review before selecting their funds include our:

1 Boston Consulting Group, October 2011

Client sales presentation
When to add a DPSP