February 2011 extras

  • ETF Market Explodes

    Exchange traded funds (ETFs) are becoming increasingly popular with investors. The assets held in ETFs on the Toronto Stock Exchange (TSX) grew by 22% between the end of December 2010 and the end of December 2009 As of December 31, 2010, the www.tmxmoney.com web site lists 172 ETFs, 52 of […]

  • BMO Lifetime Cash Flow: A concrete case

    A client aged 55 who invests $100,000 in BMO Lifetime Cash Flow will receive $6,000 per year in the form of monthly payments for 15 years starting from his 66th birthday.  At the end of this term he will have received a total of $90,000. These payments are not taxable […]

  • MDRT revamps mentoring program

    In January the Million Dollar Round Table (MDRT) renewed its mentoring program. A highlight of the revamped program is that a mentoree, called an “MDRT aspirant”, now only has to achieve 50% of the MDRT membership production requirement level to attend the annual meeting for the first time, said Debra […]

  • CCIR’s 26 questions to the industry

    1. Are there other aspects of AGAs that differentiate them from MGAs? 2. Which functions of MGAs do not apply to AGAs? Are the activities of AGAs closer to representatives rather than MGAs? 3. What are the factors considered by an insurer before deciding whether or not to outsource an […]

  • Issues paper raises concerns over possible regulatory gaps

    Issues paper raises concerns over possible regulatory gaps On Feb. 10, regulators released an issues paper on Managing General Agencies which outlined a number of concerns and invited industry stakeholders to provide feedback on a list of questions primarily related to the roles and responsibilities of MGAs and insurers. The […]