Industry News

Many advisors fail in underwriting

There’s almost nothing more frustrating than waiting for an insurance application to be approved or denied, but don’t blame the underwriter for the sluggish progress. In fact, if anyone’s slowing down the process, it’s the advisor. Shelina Esmail, head of living benefits and chief underwriter with Canada Life, told a crowd of advisors at the […]

By Bryan Borzykowski |April 29, 2008

4 min read

On The Shelf:

(April 28, 2008) AGF is giving investors and advisors new options in its All World Tax Advantage Group, adding three corporate class funds — the AGF Canadian Stock Class, AGF Emerging Markets Class and AGF Canadian Large Cap Dividend Class — to the group. The new funds will have the same investment objectives as their […]

By Staff |April 28, 2008

2 min read

Briefly:

(April 28, 2008) The Office of the Superintendent of Financial Institutions penned a letter late last week to the financial community relating to the new international financial reporting standards (IFRS). In it, OSFI addressed three points specifically meant for federally-regulated financial institutions (FRFIs). OSFI says FRFIs are considered publicly accountable enterprises and, therefore, must adopt […]

By Staff |April 28, 2008

2 min read

Advisors told to rethink CI’s role

(April 2008) The world is changing. Where we once relied on coal, oil and gas for our energy needs, we are now switching to wind, sun and biofuel alternatives. Where we once relied on defined benefit pension plans to fund the time between retirement and death, we are now incorporating income annuities and innovative insurance […]

By Romana King |April 28, 2008

3 min read