Locked-In Plans

Right for you if:

  • You are ready to retire
  • Your employer decides to wind up its pension plan


  • Locked-In funds originate from a Registered Pension Plan
  • Locked-In funds are not available until you retire or reach a specified age
  • Tax sheltered accounts with the ability to direct the investments inside the account
  • Simplify the management of your portfolio
  • Even though you have investment control of the funds, the governing legislation controls the use of the funds.


Locked-in funds are comprised of:
  • Employer contributions to the plan on behalf of an employee.
  • Employee contributions to the pension plan.
  • A combination of the above.

Locked-In savings plans (LRSPs/LIRAs/RSLPs) must be converted to a locked-in income plan by December 31st of the year you turn 71.

Rates & Fees

Annual fee: varies according to the type of investment you choose

View our Mutual Fund Prices & More

View our Current Rates

Withdrawals are not allowed from an LRSP/LRIA/LRSP, except in very exceptional circumstances, and there is a maximum amount that can be withdrawn each year from a LIF/LRIF/PRIF/RLIF.

Additional Features

The following types of locked-in plans are available:


  • Locked-In Retirement Savings Plan (LRSP)
  • Locked-In Retirement Account (LIRA)
  • Restricted Locked-In Savings Plan (RLSP)


  • Life Income Fund (LIF)
  • Locked-In Retirement Income Fund (LRIF)
  • Prescribed Retirement Income Fund (PRIF)
  • Restricted Life Income Fund (RLIF)
  • Life annuities are available from Life Insurance companies only.

Each governing jurisdiction decides which of the above plan(s) are offered.

Get Started

Need some help planning your retirement future?


Call one of our Personal Investment Advisors 
Mon-Fri (8am-8pm)

In person

Make an appointment at your local branch