March 13, 1996 -- Kitchener, Ontario, Canada.
Penad Pension Services has announced the formation of a strategic alliance with Integrated Retirement Services (IRS) of Winnipeg, Manitoba.

Affiliated with Summit Securities, Independent Insurance Brokers, and Diamond Retirement, IRS unites over 40 experts from complementary disciplines to offer a complete range of retirement products. Together, its experts identify and leverage efficiencies in both the defined benefit and the defined contribution arrangements of pension plan sponsors. It also helps plan members prepare for retirement through fee-based retirement planning educational programs. Penad will provide IRS with a combination of administration and actuarial services.

"While IRS can now offer its clients a complete service package, Penad will benefit from our interaction with this leader in the retirement-planning business," commented Frank Price, President of Penad.