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Highlights
RETIREMENT PLANNING
Guaranteed Minimum Withdrawal Benefit Products – New
Segregated Fund Development
Michael Ondercin
With baby boomers approaching or in
their retirement years, there is increased focus on managing the investment
risks associated with fluctuating equity returns, longevity and inflation. An
investment solution that is now available from several insurance companies in
Canada is what is referred to as a guaranteed minimum withdrawal benefit
("GMWB") product. This product is popular because it can provide predictable and
sustainable retirement income, offering income protection if the markets do not
do well and the opportunity to grow the invested funds if they do. Michael
Ondercin reviews the basic attributes of GMWB products, including bonus and
reset features, taxation, costs and other relevant features.
DISABILITY PLANNING
New Savings Plan for the Disabled
Philip Friedlan, Kevin Wark
In the 2007 federal budget, the
federal government announced the creation of the registered disability savings plan
("RDSP") along with Canada Disability
Savings Grants and Canada Disability Savings Bonds. The stated purpose of the
RDSP legislation is to assist families to create an investment fund for the
financial security of children with severe disabilities. While the legislation
for RDSPs is effective for 2008, there are still a number of outstanding issues
that need to be finalized before financial institutions are in a position to
start offering these plans to the public. Philip Friedlan provides a detailed overview of the RDSP
legislation, and Kevin Wark comments on how insurance can be used to enhance or
supplement the benefits available through RDSPs.
BUSINESS SUCCESSION PLANNING
The Professional Advisor's Critical Role in Business
Succession Planning
Richard Walter
For many business owners, the
business itself represents their most important investment. Ensuring the
successful transition of the business to new owners is often critical to
obtaining full value for this investment, and providing a comfortable retirement
for the business owner. However, the business owner often neglects this
important planning. Fortunately, there is a growing segment of professional
advisors who have developed the necessary skills to both motivate owners to deal
with their planning needs as well as implement the appropriate solutions.
Richard Walter reviews the important role these advisors play in assisting their
business clients and highlights some of the main considerations in the overall
planning process.
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Board
Kevin Wark
Editor-in-Chief
PPI Financial Group
John Askin
The Wealth Strategy Group
Ted Ballantyne
Conference for Advanced Life Underwriting
Joel T. Cuperfain
Manulife Financial
Philip Friedlan
Friedlan Law Office
Florence Marino
Manulife Financial
Wayne G. Miller
Sun Life of Canada
Glenn R. Stephens
PPI Financial Group |