Menu

Latest Posts

How To Buy A Group Benefits Plan Today

These days trying to decide what benefits your employees might want seems more complex than ever. It may seem too simple but start by asking your employees, they will tell you what their priorities are. If you have a larger firm do an internal survey. Hopefully at this point your working with an advisor that specializes in group benefits and they can help you with the questions. Many different employees will have different perceptions of […]

Read More

FCAC To Probe Practices At Smaller Banks

Please See This Article: FCAC To Probe Practices At Smaller Banks Another example of why Canada needs to move to one regulator for all financial services. 4500 complaints to FCAC about the big 6 banks mostly due to sales practices. There are different sets of rules for different players in the financial world. Banks, investment (MFDA & IIROC) and insurance practices should all be required to meet the same standard of care when it comes to […]

Read More

Group RRSP vs. Individual RRSP

The Differences Between a Group RRSP and an Individual RRSP – How to Pick the Right Investment for Your Needs Enrolling in a Group RRSP is an excellent way to add to your current benefit plan, allowing you the ability to retain key employees and entice new staff to join your team. A Group RRSP is one of the most common methods Canadians use to save away for their retirement. A Group RRSP is very […]

Read More

How will budget proposal on pharmacare affect employers?

Advisory council on National Pharmacare formed, how will this affect things. See the linked article. Our thoughts  here; This is not the first time the Feds have looked at doing this and certainly monies have been poured into it in the past without results. We are one of the few nations without any national pharmacare plan or significant policy and as such pay amongst the highest costs in the industrialized world for drugs. To be […]

Read More

Sun Life adds medical marijuana coverage to group benefits plans

Canadian insurers starting to get a read on marijuana. With Suns’ announcement there will be others that will follow soon. One of the difficulties with a non drug identification number (DIN) drug is how to monitor it and where to place the claims. Sun appears to be considering it in their “medical equipment” section which allows them to look at a pre-approval process. This is clever, creative way to begin. There is little doubt this […]

Read More

Fee Disclosure and the CLHIA

Benefits Canada: Advisors need a ‘strong voice’ in CLHIA’s compensation disclosure discussion http://www.benefitscanada.com/benefits/other/advisors-need-a-strong-voice-in-clhias-compensation-disclosure-discussion-110591 Fee Disclosure is a tenuous subject. The article referenced here suggests that advisor’s need a strong voice in discussions with the CLHIA. I would go a step further and suggest that while this is true, the CLHIA needs to have an open mind and ear available for that voice. At recent information meetings regarding the G19 member insurers hinted that the guideline was […]

Read More

Market Volatility

I am sure by now you have heard about the current market volatility. There’s some things I’d like to share to put your mind at ease. First off, the market has had an incredible run since its last setback in 2007-2008. In recent months it had beat most industry experts predictions and defied gravity even with some fundamental issues floating around globally like the US financial stoppage, North Korea and US friction and creeping inflation […]

Read More

RRSPs and TFSA

Understanding How Investing in RRSPs and TFSA Can Work For You RRSP or TFSAIt's almost Registered Retirement Savings Plan (RRSP) season and Canadians will be debating between contributing towards RRSPs or tax-free savings accounts (TFSA). Both investments are excellent tools for building a strong retirement plan or simply saving for a rainy day. Many investors such as yourself are wondering which solution is best for them?

Read More