OMA Insurance adds BlackRock, the world’s largest asset manager, to The Advantages Retirement Plan™

The Investment Committee of the Advantages Retirement Plan™ has selected BlackRock as the plan’s new target date fund provider.

BlackRock’s LifePath Target Date Funds

With the Advantages Retirement Plan™, OMA Insurance is committed to offering products that will serve your retirement planning needs and grow your retirement income over time. That’s why the plan offers target date funds. OMA Insurance’s Investment Committee selected BlackRock’s LifePath Target Date Funds for several reasons, including reducing the complexity and stress of managing your own savings. 

BlackRock’s LifePath Target Date Funds provide a simple way for physicians who are enrolled in the Advantages Retirement Plan™ to invest for retirement. These funds mix several different types of stocks, bonds and other investments to help you assume the appropriate amount of risk earlier in your career, and gradually get more conservative in your investment strategy over time, as you get closer to your target retirement age. Simply put, target date funds help take the guesswork out of saving for retirement. 

Why BlackRock?

BlackRock is Canada’s largest and longest-serving provider of target date funds, delivering these funds to millions of Canadians since 2007 and currently managing over $40 billion to help Canadians build their savings towards retirement. 

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, BlackRock helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable. 

C$40 Billion in Assets 

BlackRock is the market leader in Canada for target date funds, with over C$40 billion in assets in its LifePath products, which have been serving Canadian investors since 2007. 

Canada’s Largest ETF Provider & Pension Manager

With over 160 Canadian pension plans who entrust BlackRock with investment management on behalf of 18 million employed retirement savers in every province and territory. 

  • The Advantages Retirement Plan™ helps physicians and their spouses with each stage of preparing for retirement: saving, investing, and converting your nest egg into monthly income in retirement. The plan is unique because it combines all of these elements.
  • While most investment options on the market focus on accumulation of assets, the approach for the Advantages Retirement Plan™ is based on monthly retirement income.
  • BlackRock has created a new version of its LifePath target date funds for the Advantages Retirement Plan™ and other plan sponsors that offer group defined contribution retirement arrangements through a non-insurance platform.

“BlackRock has operated in Canada for over 30 years, and we are proud to have deep and longstanding roots in this country. Through our leading investment solutions, we play an important role by contributing to a more resilient Canadian economy. One of the ways we do this is by helping more and more Canadians build savings for retirement. 

Marcia Moffat headshot

Marcia Moffat, Country Head, Canada, BlackRock 

We work with over 160 Canadian pension plans who entrust BlackRock with investment management on behalf of 18 million employed retirement savers in every province and territory. We are delighted to be working with the Ontario Medical Association and OMA Insurance to help their members achieve their retirement goals through the Advantages Retirement Plan™.

Our purpose both in Canada and globally is to help more and more people experience financial well-being by making investing simple and accessible, welcome to BlackRock.

© 2021 BlackRock, Inc. All rights Reserved. The information contained on this website is provided for educational purposes only, and should not be construed as advice to be acted upon. The information is not intended to offer investment, taxation, accounting, financial or similar professional advice, nor is it intended to replace the advice of independent tax, financial, accounting or legal professionals. This website is intended to only provide general retirement education information based on the common circumstances of the Ontario physician community and does not take into account any individual’s particular financial needs, circumstances and objectives. The information presented here may not be suitable for non-residents of Canada, or situations involving such individuals. Employees of OMA Insurance are not licensed or authorized to provide investment products, services or advice to you, except as it relates to insurance.