Trends in health benefits for retirees
Since the late ’90s there has been a growing shift away from employers providing group health and dental coverage for retirees. Increasing healthcare costs, provincial de-listing of services, an aging population and changes to accounting rules are the main culprits that are eroding coverage for post-employment. Read more 
The Stability of the Life Insurance Industry in Canada
Over the past decade, the number of life insurance companies operating in Canada has decreased dramatically because of mergers and acquisitions. For example, people who had policies issued by Maritime Life, Commercial Union, North American Life, or Aetna Life now find themselves insured by Manulife Financial. How concerned should we be about the state of the life insurance industry in Canada as a result?
As it turns out, insurance is one of the most closely-regulated industries in Canada. Unlike the United States, in Canada there is a government organization that supervises all federally-incorporated and foreign insurers to ensure that these companies operate in a prudent manner. This organization is the Office of the Superintendent of Financial Institutions (OSFI). Companies that are provincially chartered are overseen by the province in which they do business. Don’t worry, though: all of the major life insurance companies are federally regulated by OSFI. Read more
October Monthly Insight
“Time in the Market, not Market Timing” – that’s the theme of this month’s newsletter from Provisus Wealth Management.
Click here to read their full report – Monthly Insight – October 2014 – Time in the market not market timing
