March 2010 extras
Sun Life offers 200 investment options in my money for life
Sun Life Financial may be the second player to launch a group guaranteed withdrawal benefit product, but it is the first to offer nearly 200 investment options. By comparison, Manulife Financial’s Group IncomePlus is linked to only one balanced fund. Sun Life says that participants in defined contribution (DC) plans […]
Desjardins looks to reduce risk
Before being taken off the market, Desjardins Financial Security’s Helios Guaranteed Minimum Withdrawal Benefit (GMWB) product collected $400 million in net sales, and a portion of this money went into a 100/100r option, which protects all of an investor’s capital both at maturity, and in the event of death. After […]
Market crisis stalls sales
Sales of financial advisory practices have stalled since the market crisis of 2008, according to Cindy Jenner Cowan, Director, Training at Worldsource Financial Management. “The trend since the market declined is that many advisors have decided not to sell. We saw many deals get shelved. The values of practices have […]
