The digital application features an expedited five-step process that replaces the traditionally paper-heavy process
Fees are reduced by 20 basis points on seven balanced funds
The committee will provide the regulator with feedback on emerging issues and the regulatory framework for investment products
The proposed rules will also apply to segregated funds
Volatile market conditions in 2016 made it difficult for many portfolio managers to score home runs
GWL, Canada Life and London Life are making the Estate Protection series available to clients between 80 and 90 years of age. The series has a 100% death benefit guarantee
The seg funds cater to clients who are nervous about their investments during market fluctuations and retirees seeking higher returns with lower risks over time
But the two groups have differing views on how the rules for seg funds and mutual funds should be harmonized
One goal is to reduce the potential for regulatory arbitrage
New guarantee options enable firm to target large segment of the market