It is important that you notify Outlook if you wish to change the beneficiary on your registered investment plans (RRSPs and RRIFs). Your beneficiary information will not be changed automatically by any change of marital status or family situation.

If you are converting your RRSP into a RRIF, be aware that they are considered two separate plans. You must designate a new beneficiary for your RRIF even if you are naming the same person.