Industry

Segregated index funds hit the market

The indexing trend has pushed down another product barrier, with the launch of a new line of segregated index funds and guaranteed minimum withdrawal products by Pro-Financial. With a growing number of boomer clients nearing retirement, segregated funds have grown in popularity, thanks to their capital guarantees. The biggest complaint they draw from advisors is […]

By Mark Noble |January 13, 2010

3 min read

Briefly:

Groupe Promutuel and Desjardins Group have signed an agreement-in-principle, which will create a business partnership for the distribution of financial products and services, such as mortgage loans and savings products. “We are delighted to have reached an agreement with our Groupe Promutuel colleagues, which is proof of our common desire to bring two organizations that […]

By Staff |January 12, 2010

5 min read

Retirement crisis overblown: Hamilton

Despite dire warnings in the press that Canada’s pension plans are set to implode, one of the country’s most respected actuaries says the problem isn’t really that bad. In fact, Canadians are in an enviable position compared to most other countries. “It’s a truth universally acknowledged that Canada has one of the best retirement systems […]

By Steven Lamb |January 12, 2010

5 min read

Briefly:

European and North American pension funds, unhappy with investment returns, are taking a close look at the performance of their money managers, a recent survey reveals. Bfinance’s survey of 63 North American and European pension funds finds 62% of respondents have reviewed their roster of external managers in the past six months, resulting in changes […]

By Staff |January 11, 2010

4 min read