March 13, 1996 -- Kitchener, Ontario, Canada.
Penad Pension Services has announced the formation of a strategic alliance with The Navigator Fund, based in Winnipeg, Manitoba.

A small, agile mutual fund company, The Navigator Fund offers large investors an alternative to standard life insurance packages, including mutual funds with better returns and pension administration with superior service, flexibility and employee communications. It will work with Penad Pension Services as an outsource alliance partner for third-party pension administration and actuarial expertise.

"We look forward to working with this innovative company," said Dan Blokland, Vice President of Penad. "Our partnership with The Navigator Fund will expand the potential of both our companies and enable us to offer our clients a unique service combination."