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Deferred annuities were first introduced in 2019 federal budget

Money garden

High rates and demand led the firm to re-enter the market five years after exiting

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Firm is the latest to trim staff as economic uncertainty weighs

Business and financial report with laptop Accounting economic

In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier

Financial accounting business sheet calculator

Individual wealth management had net outflows of $427 million

Agreement win-win

Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial

Businessman hand showing financial report on table

Rising interest rates led to drops in net income for Great-West Lifeco and Sun Life

  • By: IE Staff
  • August 11, 2023 August 11, 2023
  • 11:34
Couple getting financial retirement advice from consultant at home

Advisors should be as thorough as possible when going through insurance applications with a client

Close up of businessman hands making handshake - greeting, dealing, merger and acquisition concepts

The US$4.3-billion deal is expected to close in the first half of 2024

Business people shaking hands

Both companies said there was no guarantee that an agreement will be reached