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In this week’s issue:

Wealth

1.    New Wealth Management Operations updates

2.    Estate protection marketing materials updated for 2016

·         Estate protection marketing materials updated

·         Revised versions include advisor guide (46-7165), reference guide (46-7166) and client brochure (46-7167)

·         Copies available from supply or to be downloaded from Repnet

3.    LIB illustrator update

4.    Chinese: RRSP or TFSA? Save more, two ways

·         A brochure illustrating how both RRSPs and TFSAs can be used effectively to accumulate more savings for retirement (46-9984 CH).

Individual Insurance

5.    Policyowner letters regarding limited-pay cost of insurance        

·         Affected clients with Canada Life Millennium limited-pay cost of insurance will receive letters notifying them that all or some cost of their policy will be ending.

·         Affected clients will receive letters 60 days prior to the cost of insurance end date.

6.    Implications of premium tax increases in Alberta and Quebec

• Quebec premium tax rate increased from 2.30 per cent to 3.48 per cent

·         Alberta will increase premium tax rates from two per cent to three per cent, effective April 1, 2016.

• Changes apply to Millennium universal life insurance policies.
• Canada Life will begin charging the new tax rate in early 2017.

Compliance

7.    Resources to help you understand your compliance obligations

·         It’s important to ensure your clients and your practice are protected. Get an overview of your compliance obligations with these resources.