The retiree market: a trillion dollar opportunity
As a large segment of Canada’s population moves into retirement, successful financial advisors will be those who tailor their practices to serving the needs of retirees, according to a recent Investor Economics report. (Read more)
Tax authorities unable to obtain the names of 10-8 loan customers
A Federal Court decision has dismissed the Canada Revenue Agency’s request to obtain the names of taxpayers who participated in an investment loan strategy known as “10-8″. The CRA had asked three insurers to provide the information. (Read more)
Sun Life slashes its team of long term care specialists
As part of a series of cost-cutting measures, Sun Life has decimated its LTC specialist team. (Read more)
Ottawa prohibits banks from selling imitation annuities:BMO Terminates Lifetime Cash Flow Product
On the day that the federal government announced legislation that will prohibit banks from selling products that resemble insurance company annuities, Bank of Montreal (BMO) terminated its Lifetime Cash Flow product. (Read more)
January 2012 Issue
Our Products
InsuranceINTEL
Product comparative tables and descriptions for the life insurance industry professionals
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The 2011 Insurance and Investment Convention
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How to Win Sales and Increase Profits with Jim Ruta
A powerful blend of motivational, practical and technical wisdom to help you attain new heights of sales success. (Read more)
ALSO IN THE PRINT EDITION
A career driven by a commitment to professionalism
After more than 46 years in the business, working in several different incarnations, including stints as training director, insurance company vice president, regional manager and managing general agent, Randy Reynolds has become an extremely well-known name and figure in the industry.
How to make “Do Not Contact” irrelevant
It appears we will soon have “Do Not Contact” regulations and lists for all communication. First it was the telephone, now email. What will we do then?
Sector funds may attract undisciplined investors
Sector fund sales are an interesting thing to observe if you’re interested in whether or not investors are chasing specific trends.
(Read more)
Competition heats up in group market
Group insurance revenue grew modestly in 2010 despite a highly dynamic market. Don’t blame the economy. In recent years, the slowdown in drug price inflation has done much to ease the artificial growth of group premiums.
(Read more)
Women financially vulnerable in the event of health crises
Most women are aware of the toll that critical illness and accidents can take on their financial security, according to Nathalie Tremblay, Montreal-based health products manager at Desjardins Financial Security.
(Read more)
From breakfast club to formal association
What started out as an informal breakfast meeting for group insurance brokers has turned into the industry’s newest professional association, quite possibly the first formal organization that specifically serves this relatively small group of specialists.
(Read more)
Multiple titles and designations confuse consumers
Financial professionals’ titles and credentials fail to inform consumers of the actual services they provide, and in many cases add to their confusion about the roles of different types of advisors, delegates to the Vision 2020 Symposium were told.
Lack of regulation impacts consumer protection
An unregulated financial services industry and its current compensation structure present barriers to consumer protection, according to Emmanno Pascutto, executive director of the Toronto-based Canadian Foundation for the Advancement of Investor Rights (FAIR Canada).
Examine clients’ retirement lifestyle plans
Market downturns and corporate downsizing in recent years have undermined the retirement plans of many Canadians. Add to this longer lifespans, the cost of raising and educating children, seeing to the needs of elderly relatives and the division of assets upon marriage breakdown, and some of your clients may be concerned about outliving their money.
Working together!
There are solutions to the issues facing the financial services industry and they can best be found by working together. (Read more)







