@CraigB806782 To add to what @Dogger1953 said, it sounds like you're just wanting to voluntarily contribute to a pension plan, perhaps because your employer does not offer one. In that case, you should give the Saskatchewan Pension Plan a look. It's not a defined benefit plan, but they've opened up the number of retirement options available to you such that you can opt for annuity like payments and now opt for a variable retirement benefit (like a RRIF). There are no administrative fees, the management expense ratio is comparable to and even lower than Tangerine's and Simplii's index mutual fund portfolios, and you do benefit from the creditor protections of a pension plan. You do not need to be a Saskatchewan resident to participate.