News and resources for Canada's top financial advisors
Life
Last week, our client management software supplier told us that as of next December, it’ll no longer support our system. The notice dealt a double whammy because the company doesn’t plan on replacing the software, and no other company has plans to step in. This abrupt severance of a 20- year relationship induced a sense […]
By David Wm. Brown |January 1, 2009
3 min read
On more than one occasion, I’ve exchanged views with clients and colleagues about participating (par) whole life. At issue are various nuggets of wisdom passed along by industry associates, and others who share a view that par provides a poor rate of return. While whole life providers have given advisors a plethora of marketing material […]
By Jason M. Pereira |January 1, 2009
6 min read
Living Benefits
With the Registered Disability Savings Plan (RDSP) expected to launch late this year, financial advisors need to make sure all relevant aspects of planning for people with disabilities are properly coordinated. Based on the RESP model, the RDSP offers incentives to friends and families to provide higher income for people with severe disabilities and encourage […]
By Janet Freedman |December 18, 2008
10 min read
For most clients and advisors the ongoing financial crisis has been measured by its impact on investment portfolios. But it has also generated questions about insurers and insurance products, among them universal life (UL) insurance and whether that product is about to drop a bomb, as the expression goes. UL has three main components funded […]
By Al Emid |December 16, 2008
7 min read
Congratulations, you’re a telemarketer. At least that’s what you are in the eyes of the newly enacted Do Not Call Legislation (DNCL). Among other things, advisors’ firms must now register with, and provide information to, the National DNCL operator before initiating a telemarketing communication. But how will this change your world? And what potential opportunities […]
By Helena Smeenk Pritchard |December 12, 2008
4 min read
Investors have been seeing the ugly side of guaranteed products these days. Arguably, the most popular guaranteed investments — guaranteed minimum withdrawal benefit (GMWB) products — remain quite firmly guaranteed as long as their issuer’s balance sheet can carry the risk. Many PPNs and some guaranteed target-date funds that use constant proportional portfolio insurance (CPPI) […]
By Mark Noble |December 5, 2008
At the recent CALU associate members’ meeting, Malcolm Burrows from Scotia Private Client Group’s Philanthropic Advisory Services gave a presentation on charitable giving. In it, he discussed a renewed client interest in utilizing insured annuities in a charitable sense. Subsequently, at different meetings — within, and outside of, my own company, I again heard talk […]
By Chris Paterson |December 3, 2008
It was April 1943. An enthusiastic fellow entered the head office of an insurance company for a job interview. After a barrage of questions from the interviewer, the prospective insurance agent was asked if he had any questions regarding the position. “Yes,” the applicant said, “what would happen to my clients if your company went […]
By David Wm. Brown |December 1, 2008
With the new Tax-Free Savings Account (TFSA) offering clients another place to park their dollars, it’s likely insurance advisors are wondering how this savings vehicle will affect their business. So, will the TFSA help or hurt insurance sales? In short, it will do both. First, a brief overview of the proposed structure for tax-free savings […]
By Chris Paterson |November 3, 2008
5 min read
The Office of the Superintendent of Financial Institutions (OSFI) has announced revisions to its capital rules for segregated fund guarantee obligations, obligations for life insurers with approved internal models. The changes mean that approved insurers will face less pressure to shore up their capital reserves, which have been hit hard in the past two months […]
By Steven Lamb |October 29, 2008
2 min read
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