ALDAs would allow payment deferral to age 85
More firms are expected to take advantage of new rules adopted last month, DBRS says
Clients can choose the exact term they want
Needs assessment is more than gathering information
Hedge funds argued they should be able to make unlimited deposits for a guaranteed return
Declines in wealth management were partially offset by gains in individual insurance
CLHIA also called for longer-term bonds and more sustainable investment assets
Product sales surged in the firm’s wealth management and individual insurance businesses
The company posted net earnings attributable to common shareholders of $912 million
The insurers profits grew 3.5% to $744 million in the quarter