Level cost of insurance rates on new UL insurance products will increase by varying amounts, with the most significant impact being on limited pay policies
The CCIR will also look at issues such as risk classification methodology, oversight of sales, needs-based selling practices, updating of client records and know-your-product due diligence requirements
AMF & CCIR to look at how incentives influence insurance advisors
Referral arrangements announced in August create new ways for advisors to serve clients' and prospects' needs
Tapping into data to perform applicant screening reduces costs, speeds up process
Chris Kirk and Sam Sivarajan join the Winnipeg-based insurer from Scotiabank and Manulife Private Wealth, respectively
The association calls the current regulatory framework outdated and suggests licensed distribution firms are made responsible for overseeing advisors
The association’s response to the CCIR’s strategic plan recommends that regulators implement a mandatory rule for advisors to conduct a needs analysis for all clients
Mandeville advisors can refer clients and prospects to the new platform, which combines the benefits of a robo-advisor but with access to private alternative strategies, for a referral fee
The new tool aims to create a centralized database of insurance advisors and to digitize the contracting process, which has traditionally been highly paper-intensive