Living Benefits

What’s next for GMWBs?

Guaranteed Minimum Withdrawal Products entered Canada with a bang, twisted through a few snags related to underlying pricing assumptions and now are cruising along as accepted components of client portfolios for those close to retirement.

By Philip Porado |October 21, 2011

7 min read

Is your client legally competent?

On Monday, France's wealthiest woman, L'Oreal heiress Liliane Bettencourt, lost control of her vast fortune after she failed a court-ordered incompetence test.

By Dean DiSpalatro |October 19, 2011

3 min read

Insurers to lift real estate fund suspension

Great-West Lifeco is preparing to lift a nearly three-year-old suspension on transfers, redemptions and withdrawals on the $3-billion real estate fund it shares with Canada Life. The move will take place on Oct. 17 and comes nearly seven months after it lifted a similar suspension on its London Life Real Estate Fund. Alf Goodall, senior […]

By Renée Alexander |September 27, 2011

4 min read

Bad documentation leads to fines

If you’re an insurance advisor who hasn’t been keeping detailed records, watch out. Any files connected to transactions after October 2007 must contain detailed needs analyses demonstrating product suitability and reasons for recommendations. If they don’t, advisors need to revisit transactions, speak to clients and create suitable records, says Rick Forchuk, vice-president of retail distribution […]

By Al Emid |August 4, 2011

2 min read