GWL's AUM dips below $1 trillion after Putnam sale
In Canada, assets under management were up 3% in 2023
While the 2024 outlook is stable, the rating agency warned about impairments from private credit and real estate investments
Deferred annuities were first introduced in 2019 federal budget
High rates and demand led the firm to re-enter the market five years after exiting
John Yanchus of Canada Life says annuities are increasingly popular in the current economic climate, and they have a lot going for them
Clients can see annuities as an attractive alternative to managing their own retirement investments
FSRA brought similar allegations against the agent earlier this year
Retired and near-retired clients are attracted by the products’ low risk and predictable income
Causes of SVB failure unique to banks but some life insurance contracts with investment features are liquid, report says