Annuities are like life insurance products in reverse: A client buys an annuity with a lump-sum payment and the insurance firm then pays the client a guaranteed income for the rest of his or her life
It’s getting harder for firms that have proprietary career sales forces to retain those agents, says a new report
Low interest rates have forced insurer to hike premiums
Flush with cash, the fraternal benefits insurer is ready to step into asset management if the right opportunity comes along
Industry review considering whether OSFI guideline should apply to this growing industry
There is a concern relating to certain product designs that could be leaving some taxable income on the table
A slumping share price has some investors concerned
Move to diversify counterparty risk, IFRS, underwriting and market specialization are all driving growth
But KPMG notes that it doesn’t necessarily expect to be able to sell the assets at their full valuation
CLIEDIS is a step closer to working with mutual fund industry’s long-standing electronic service provider