Hub Financial acquires BridgeForce in Ontario
Protecting independence of advisors was “foremost” in the decision, BridgeForce co-presidents said
- By: Staff
- February 2, 2023 February 2, 2023
- 13:22
Protecting independence of advisors was “foremost” in the decision, BridgeForce co-presidents said
Consider how to best leverage the special death benefit
Insurance regulators ponder seg fund upfront commissions
FSRA also reiterated that it wants clients to be protected from seg fund deferred sales charges, regardless of when the funds were purchased
Greatway must also send its universal life policyholders information to assist them in assessing the policy's appropriateness
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
The regulators concluded that some incentive practices may present risks to the fair treatment of customers
Actual assets under management of advisor aren’t always worth purchasing on their own
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
The younger you are, the more affordable the coverage is
Retail fund sales remained positive as customers sought cash-equivalent products
Toronto-based firm provides insurance products and services to doctor clients
Results reflect impacts of Hurricane Ian, market volatility
Positive industry trends, not regulatory arbitrage, supported sales last year
At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs
The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes
Going beyond investments with clients remains a good way to add value, particularly in down markets
Organization expects excess deaths and life insurance claims to be lower going forward
Draft Ontario MGA regulation coming in 2023 as a result of concerns found in FSRA's review
The lifeco is expanding its Vitality program to universal life and par policies
Also, annuity and seg fund premiums increased 21%
The move follows a regulatory warning earlier this year to stop DSC sales of seg funds
Inflation is less of a concern in the life insurance sector, report says
Ivari, formerly Transamerica Life Canada, offers life insurance and critical illness products
Changes to the life insurance capital adequacy test, released in July, take effect in 2023