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
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
Recent launches include Canadian segregated versions of two Wellington funds and a multi-strategy alternative fund
Positive industry trends, not regulatory arbitrage, supported sales last year
Firms released new target date corporate bond funds, a multi-asset income ETF and balanced seg funds
Also, annuity and seg fund premiums increased 21%
The move follows a regulatory warning earlier this year to stop DSC sales of seg funds
TD launched a carbon credit ETF, while Equitable Life has 12 new seg funds