Segregated Funds – Canada

Segregated Funds – Canada

• 2022 07 – CCIR – Comments – Discussion Paper on Upfront Compensation in Segregated Funds – 133p

• 2022 – FSRA –  [2022-007] – Comments – Consultation on Proposed Principles of Conduct for Insurance Intermediaries  —  [BonkNote]  —  [Binder-22p]  —  [link]
• CLHIA – [2022-007] – Justin Glinski – 3p
  • Appendix B – The following are examples about which we have questions and concerns:
    • “An insurance agent misrepresenting a life insurance contract for a retirement savings vehicle” – There are life insurance contracts that are retirement savings vehicles. For example, segregated funds are designed as a savings tool and are life insurance contracts. The guidance might be referring to permanent life insurance products that have an investment component or that can be borrowed against. We ask that this example be made more product specific or removed.

• 2001 01 – SOA – CIA Task Force on Segregated Fund Investment Guarantees, rrn0107 – Society of Actuaries – 36p 
  • excerpt from the Canadian Institute of Actuaries 
  • Editor’s Note: The CIA Task Force on Segregated Fund Investment Guarantees was founded in 1999 and charged with developing recommended approaches for the use of stochastic techniques to measure the obligations created by segregated fund investment guarantees (i.e., where an underlying level of investment performance is guaranteed by an insurer). The Task Force issued a 64-page report in August 2000 and recommended that Canadian actuaries use stochastic techniques to establish liabilities for these guarantees. <WishList>