Industry News

Briefly: “Saving only half of retirement puzzle” and more of Wednesday’s news

With so much emphasis on funding retirement, it appears that many Canadians don’t plan for their first year actually in retirement, according to the 19th annual RBC RRSP Poll. The survey found that 76% of retirees had no idea how much money they spent in their first year after retirement. Among the 24% who did, […]

By Staff |February 4, 2009

4 min read

ING sells off Canadian insurance assets

In a surprising move, to an unsurprising trend of sell-offs, Dutch-based ING Groep announced plans to sell part of its Canadian assets. According to yesterday’s announcement, ING expects to raise $1.9 billion from the sale by selling 63% of its stake in its Canadian insurance unit. Almost half of the money from the sale of […]

By Romana King |February 4, 2009

2 min read

Foreign equity funds start 2009 on bleak note

Gold seemed to be the only bright spot amidst the market carnage that continued into the first quarter of 2009. According to preliminary performance data released by Morningstar Canada, the year started on an especially bleak note for investment funds that target non-Canadian equities, as the Morningstar Canada Fund Indices that track these funds posted […]

By Kanupriya Vashisht |February 3, 2009

3 min read

Briefly: “Sun Life enhances CI policy” and more of Tuesday’s news

Sun Life Financial has enhanced its critical illness insurance offering, becoming the first provider in Canada to cover acquired brain injury (ABI), damage inflicted by traumatic injury, anoxia, or encephalitis. ABI can result in prolonged or permanent impairments such as short-term memory loss. Sun Life researched the condition for over a year, working with its […]

By Staff |February 3, 2009

3 min read