View more on these topics

Canada Life aiming to double single premium pension sales

Canada Life IFA Division is increasing allocation rates in an attempt to double its market share in the single premium pensions market.

It says it is increasing the allocation rate of both its Flexible Pensions Bond and Trustee Investment Bond by 1 per cent until April 5 1999.

It says fee based IFAs will be able to achieve an allocation of up to 109.2 per cent for TIBs.

Non fee based IFAs can adjust the balance between loyalty bonus, commission and allocation rate. The maximum initial loyalty commission is 6.2 per cent and the spread offer is 5 per cent.

IFAs can chose from 16 investment funds managed by either Mercury Asset Management or by Canada Life&#39s in-house investment team.


Canada Life launches three-pronged IFA sales strategy

Canada Life&#39s IFA Division says it is launching a three-pronged initiative to increase sales and improve business relations with IFAs.It says it is aiming to increase new premium income on individual business by 36 per cent and double its market share in Permanent Health Insurance in 1999.The campaign&#39s objectives are to increase sales with IFAs […]

Southern Pacific cuts mortgage protection premiums in wake of Shelter report

Southern Pacific Mortgage Limited is reducing the premium on its Single Premium Protected Payment Plan by 25 per cent.The lender says it is making the move following a report by Shelter which showed that the self-employed and those on short-term contracts are three times more likely to have no mortgage payment protection insurance than those […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment