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Annuities boosted by interest rates

By Alain Thériault | Dec. 12, 2023, 10:59 a.m.

Photo: Freepik | shurkin_son

Annuities in 2023 are more generous for retirees than they were in 2022.

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Headlines

The Pharmacare Act comes into force

Increasing diversity in Canada requires a growing awareness among advisors

Life expectancy has increased in Quebec since 2000

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Flash

The Pharmacare Act comes into force

Life expectancy has increased in Quebec since 2000

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CANNEX

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CANADIAN LIFE AND HEALTH INSURANCE ASSOCIATION (CLHIA)

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EMPIRE LIFE

Investors concerned about major US companies’ stock performance

Inflation eases in a cautious climate

Empire Life posts net income of $35 million for the second quarter of 2024

Investors flock to equity exchange-traded funds

SUN LIFE FINANCIAL

Critical illness insurance: cancer and heart attack dominate claims

IG Wealth Management aims to make its mark in life and health insurance

Economic uncertainty fails to dampen Canadian life insurers' performance

Global healthcare reinsurance premiums continue to rise

CANADA LIFE

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Canadians struggling with burnout are less likely to view their employers favourably

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DESJARDINS

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Desjardins reports 152% surge in insurance surplus earnings for the second quarter

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BMO

BMO Wealth Management sees 9 per cent decline in third quarter profits

BMO increases wealth management earnings by 33% in second quarter

Pension plans ramp up risk reduction transactions

Insurers pushing their limits in accelerated underwriting

RBC

RBC reports 29% rise in third-quarter wealth management earnings

Managing change and transformational initiatives

Pension investment returns positive in the second quarter of 2024

RBC Wealth Management net income rises 7% in second quarter

EQUITABLE

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Retirement

Defined benefit pension plans hold their own in the third quarter of 2024

Taxes would need to rise dramatically to meet demands of demographic change

Defined benefit pension plan membership numbers increase

Pensions continue derisking

Analytic

Increasing diversity in Canada requires a growing awareness among advisors

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Industry association warns of insurability crisis

Learning, developmental and memory disabilities on the rise among Canadians

Wealth management

Individual advice rules are hampering household planning

Debt rises but insurance protection fails to keep pace

TD reports flat wealth management and insurance earnings

Quebec-based AGA partners with Saskatchewan-based mutual fund broker

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Property and Casualty insurers’ financial results in Canada in 2023

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Executive

Actuaries climate index rose in early 2024

Aviva Canada's profit declines 10% in the first half of 2024

Sun Life's net income down slightly in the second quarter

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