Osfi Variable Annuities

MEMBER RETIREMENT INCOME OPTIONS Knowing Your Retirement ...
Superintendent of Financial Institutions Canada (OSFI) website; for provincial pension clarification refer to the Life Annuities 14 Variable Benefit Account (VBA) 28 ... Retrieve Here

MCCSR requirements from OSFI (Canada) variable annuities available in the marketplace. 14 Applying representative scenarios ―Agenda Introduction and background Introduction and background Regulations and model specifications ... Access Doc

A Comparative Overview Of Deterministic And Stochastic ...
Surplus Requirements (MCCSR) (OSFI (2008)), the U.S. Risk Based Capital (RBC) (NAIC (2008)) and the Solvency II (CEIOPS (2010)) standard capital formulas as • ρ(X4) is segregated funds (variable annuities in the US) risk i.e. the risk of loss ... Fetch Here

Hedging Segregated Fund Guarantees
They are similar in many respects to variable annuities in the United States. However, segregated funds often have complex embedded optionality. For instance, many contracts OSFI Capital 1Requiremen t = CTE hedge + 2 (CTE no hedge - CTE hedge) ... Document Retrieval

Simon Curtis Executive Vice President & Chief Actuary ...
• #3 Variable Annuities 2007 Sales Rank: •#1 Group Health • #1 Individual Seg Funds • #2 Group Pensions • #2 Ind. Fixed Annuities (OSFI Mandated) Canadian Regulator (OSFI) • Reviews Business Units with onsite audits on 3-5 year cycle • Significant ... View Document

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
(the "OSFI"), as well as provincial insurance regulators in Canada, state insurance regulators in the United States, and features; both segregated funds and variable annuities are "hybrids of mutual fund investments and insurance contracts." ... Fetch Document

Economic Capital (EC) Vs. Rating Agency Capital Vs ...
> NAIC, OSFI, FSA > Conservatism 3. Reporting disclosures > Product reporting lines > Net amount at risk 4. Timeliness of results > Different standards 5. Management access > Relationship to investment community Variable Annuities Without VAGLB’s ... Document Viewer

News Investment ExecutIve Mid-October 2010 Foresters Aims To ...
Crudely put, the MCSRR is OSFI’s measurement of an insurance company’s ability to pay off its lia- Instead of jumping into variable annuities, Mohacsi took Foresters down the road of specialization. Riding the success of its Unity Life purchase, Foresters aimed at carv- ... Doc Retrieval

December 10, 2012
Office of the Superintendent of Financial Institutions (OSFI) calibration criteria for required capital calculations applying to business written on or after 1/1/2011, a 20% drop is and results of a sample of companies writing variable annuities with guarantees and to make ... Read More

Variable Universal Life Insurance - Wikipedia, The Free ...
Variable universal life is a type established by The Office of the Superintendent of Financial Institutions (OSFI). Since VULs are presently not An alternative for this in the 34% tax bracket would be to consider using Variable Annuities which does not limit the contributions and ... Read Article

Renewing Of The Regulatory Framework For Life Insurers In Canada
–Variable annuities: for some, a material portion of portfolios These provide no excuse for complacency, next crisis is likely to be different . 3 Background OSFI’s enhancements to the regulatory framework are intended to result in: ... Doc Retrieval

Sun Life Assurance Company Of Canada - Sun Life Financial ...
Information based both on OSFI regulatory and GAAP financial statements [2] Calculated at the parent company (Sun Life Financial, Inc.) level Ratings Category Moody's variable annuities) -expose SLA to equity market and interest rate risks and drive a higher degree of earnings volatility than ... Read Document

Work Of The Financial Stability Working Group On Offshore ...
” Protecting the Integrity of the Financial Reporting System Auditors Actuaries Analysts Regulators Discussion www.osfi-bsif.gc.ca Fair Value Accounting: Stochastic valuation of variable annuities with minimum maturity guarantees Based upon CTE(x) = TVaR (x) = E ... Read Content

AMF INFORMS FIRMS IMPACTED BY NRD
Www.osfi-bsif.gc.ca FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA (FINTRAC) www.fintrac.gc.ca products (hedge funds and variable annuities), investor education and the application of international laws. According to them, investor ... Access Doc

2012 Canadian Life Insurance Outlook - Home - Ernst & Young ...
Life insurance and fi xed and variable annuities have been affected by re-pricing initiatives that aim for lower risk-taking product designs. In the last (OSFI). It has repeatedly indicated that the regulatory requirements in Canada are robust and ... Fetch Content

MEMBER Retirement Income Options
The OSFI website; for provincial pension clarification refer Variable Benefit Account (VBA) Single Life annuities are based entirely on your age and gender, and cease entirely upon your death – whether this occurs ... Document Viewer

Sun Life Financial Inc. And Its North American Operating ...
(OSFI), monitors this. We view SLF's overall liquidity profile as strong. This opinion is based primarily on the very strong liquidity and variable annuities), and adverse lapse experience as it relates to its term to 100 insurance products. ... View Full Source

Table Of Contents - Annuity Systems Inc.
Variable annuities. Noel has also been active in developing recommended state regulations for OSFI Dundas, ON Ehren Goodall Milliman Chicago, IL Panos Grivakis JPMorgan New York, NY Robert Grotyohann Norton Consulting Group Emerson, NJ ... Document Retrieval

Annuities Branch Of Canadian Government

Individual annuities and annuities used to underwrite "structured settlements" of U.S. government bonds and one of the principal reasons for purchasing a GIC as part of The Canadian life insurance industry made a serious mistake by not protecting its ... Return Document

OFFICE OF THE
Listed an exchange regulated by an agency of the United States or of the Canadian national government? 2. subds. 6 & 7 Investment in annuities is not permitted by the short list or the long list. a domestic branch of a foreign bank, a U.S. insurance company, ... Retrieve Full Source

The Canadian Banking System - Bank Of Canada
The Canadian Banking System* Charles Freedman important difference between the countries is the nationwide branch bank-ing arrangements in Canada. requirement for government to re-examine periodically the issues affecting ... Document Retrieval

Access To Payment Networks In The Canadian Payments System
Government policy aimed at promoting competition in the provision of financial services. The services, including transferable deposits, savings and term deposits, annuities, and mutual fund investments. In They range from branch networks to telephone and Internet banking systems ... Read Full Source

PLEASE NOTE - Government Of PEI: Home Page
The corporation or for the purpose of paying pensions, annuities or of the insurance branch, department or division of the society, or underwriting members of the Canadian Insurance Exchange. (2) ... Retrieve Content

JOHN LEONARD TAYLOR, 24 Fern Avenue, Ottawa, Ontario,
Treaties were made which provided for annuities, reserves of land for the Indians' own use, and the right to hunt and fish over the lands not yet taken up for other purposes. a special branch of the Canadian Government was formed to administer that legislation. At ... Doc Viewer

Sampler Of Saskatoon Telephone Directory, 1944
Branch of Belgian Dry Cleaners 123 2nd Ave N..5 043 Aarons I B res 130 Ave H N 2 710 Aarons Marvin S res 337 7th St 91 187 Canadian Government Annuities 617 Federal bldg.. Apartments Belmae Apts 10 Belmae apts , Coronation Court 444 5th Ave N ... Retrieve Doc

No. 26 December 24, 2002 - Canada Revenue Agency Web Site ...
And Legislation Branch. It is provided for information a result with which the government and, apparently, the courts are not comfortable. promotion of Canadian theatre. • For a contribution of $250, a contributor will receive ... Content Retrieval

How Enroll Comment S'inscrire - OBLIGATOIRE
Branch Code: Account No. Code de banque: Code de succursale; N° de compte: bancaire; 2 4. Name(s) of account holder(s) 3. Canadian Government Annuities Rentes sur l'État: Contract No. - N° du contrat-Veterans Affairs Canada - Anciens Combattants Canada: ... Access Full Source

JOAN HOLMES CURRICULUM VITAE - Ministry Of The Attorney General
- Specific Claims Branch “Local Government of the Nishnawbe-Aski: Its Powers According to the Indian Act.” A Study on the payment of annuities and gratuities under Treaty 6, focussing on the ... Return Doc

Www.osfi-bsif.gc.ca
-- Individual Annuities-- Group Annuities Government e) Floating Rate Bonds f) Structured Notes g) Leases 800 810 889 919 930 950 310 389 410 440 470 499 899 199 330 360 380 540 649 669 700 710 749 Does the Canadian Branch invest in any of the following. 033 099 dd,mm,yy ... Read Full Source

The Law Reform Commission Of Nova Scotia Was Established In ...
The Law Reform Commission of Nova Scotia was established in 1991 by the Government of Nova 2003, the Canadian Bar Association-Nova Scotia Branch (CBA-NS) indi cated its support for structured settlements, which CBA-NS had identified as a st ructured through the purchase of annuities, ... Fetch Content

Office Of Personnel Management
For direct deposit of their annuities, and may be enclosed with the Canadian dollar checking or savings accounts at banks, trust companies, credit unions, Branch/Transit number Institution number Account number (Must Be Canadian Dollar Account) 0 Verified ... Document Retrieval

Publication 597 (Rev. September 2011) - Internal Revenue Service
In-Compensation paid by the U.S. Government a U.S. citizen or resident can elect to defer U.S. come U.S. residents receive for the perform-(Article XIX). Wages, salaries, and similar in- tax on income from the plan until the income is Canadian pensions and annuities paid to ... Access Doc

Convention Signed At Washington, D.C. On September 26,1980 ...
This reduced rate also applies to the Canadian tax on branch profits, presently being imposed at a rate of 15 percent. (Pensions and Annuities) and XIX (Government Service), salaries, wages and other similar remuneration derived by a resident of a Contracting State in ... Get Document

2007 Pensions & Benefits Consultants DireCtory
To commercial and government clients worldwide. in canada, of annuities on executive pension plans Description: allan smart’s “niche” has been the small and medium- Canadian Branch Office Locations: Kelowna, edmonton, ... View Doc

UNITED STATES OF AMERICA Before The SECURITIES AND EXCHANGE ...
Head of Branch Distribution at Oppenheimer and Co., Inc. He holds Series 7, 2. CIBC is a New York-based broker-dealer subsidiary of Canadian Imperial Bank of Commerce, a Canadian financial and bank holding company. CIBC, through its CIBC government for all purposes, ... Get Content Here

The Evaluation Branch Of The Correctional Service Of Canada ...
The Evaluation Branch of the Correctional Service of Canada recently initiated a study of the pension benefits (i.e., annuities and annual allowances). The data for the current study consist of all federal public Canadian population, males at age 35 can expect to live another 40 ... Retrieve Document

Direct Deposit Enrollment Request / Demande D'inscription Au ...
Canadian Government Annuities Les rentes sur l'état Canada Pension Plan Régime de pensions du Canada Old Age Security Sécurité de la vieillesse 7 Branch No. - Nº de la succursale Institution No. - Nº de l'institution8 Financial Institution Stamp Here ... Fetch Full Source

Annuities Charles Schwab

Disclosure Brochure AssetBuilder, Inc.
Firm does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. No commissions in any form are accepted. Charles Schwab & Company's "SchwabLink" service, and the World Wide Web. ... Fetch This Document

Retirement Goals Worksheet
Annuities and Pensions for Client or for Spouse/Partner Description Defined benefit plan Annuity Other Amount $ Monthly Annually ©2012 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CS14956-10 (0112-0390) SLS63007-01 (01/12) ... Get Content Here

First Name Last Name Title Organization Name Steve Acosta ...
Barbara Brooks Vice President - Annuities Prudential Financial Jacques Brousseau National Director Great-West Life and Annuity Insurance Angela Mira Sr. Product Manager Charles Schwab and Co., Inc. Lauren Mitchell Senior Platform Manager, ... Fetch Doc

Account Transfer Form Instructions - United Wealth Management ...
Schwab Institutional® can accept proceeds from liquidated annuities. Your insurance company may charge a fee for liquidation. 5. Charles Schwab & Co., Inc., 101 Montgomery Street, San Francisco, CA 94104 Delivery Instructions (For Schwab use only) ... Document Retrieval

The Ariel-Schwab Black Investor Survey: The 2007 Retiree Survey
Ariel Mutual Funds and The Charles Schwab Corporation commissioned Argosy Research Fixed or variable annuities An employer sponsored retirement plan, such as a 401(k) or 403(b) Stock, bond, or mutual fund investments An IRA or Individual Retirement ... Return Doc

The Schwab Position On Lifetime Income Solutions
Charles Schwab & Co. Inc., appreciates the opportunity to comment on the Department of Labor’s annuities, both immediate and deferred. The challenge has not been a lack of products, but a lack of products offering simplicity, ... Access Doc

ARRON OVER Best Annuities - Annuity Think Tank - About ...
Annuities, maligned for years as expensive gimmicks, Fidelity, Charles Schwab or Pacific Life Insurance Co., among others, advisors say. And for investors who have maxed out contributions to a 401(k), IRA or other tax-favored savings plans, ... Get Content Here

December 17, 2003 Katherine A. England 450 Fifth Street, N.W.
SIA and Charles Schwab state that the proposed definition of an established business relationship is significantly narrower than (a) the NASD’s definition of existing sale of variable annuities, variable life insurance products, and mutual funds. ... Access Document

20 NNUITIES AND NDIVIDUAL ETIREMENT CCOUNTS
Annuities sold today can be classified as follows: Investments and Charles Schwab, provide interac-tive calculators on their Web sites that investors can use to determine if conversion to a Roth IRA is financially desirable. ... Fetch Content

Local Contacts For 457/Deferred Compensation
Charles Schwab Schwab Personal Choice Retirement Account Annuities VALIC 800.892.5558 x 89872 – www.valic.com Local: Tom St. Clair – 479-3177 723-9713 (cell) Thomas.StClair@VALIC.com ING 800.330.6115 – www.ingretirementplans.com ... Get Content Here

COMPLIANCE PROGRAMS OF INVESTMENT COMPANIES AND INVESTMENT ...
Charles Schwab & Co., Inc. (and Charles Schwab Investment Management, Inc.) Schwab Shawbrook Shawbrook National Association for Variable Annuities NAVA National Association of Insurance and Financial Advisors NAIFA ... Retrieve Content

UNITED STATES OF AMERICA Before The SECURITIES AND EXCHANGE ...
Responsibility for supervising CIBC’s relationships with mutual funds and annuities. such as Charles Schwab & Co., Inc. (“Schwab”) and FMR Corp. (“Fidelity”), to continue market timing mutual funds that had blocked their customers’ trading through CIBC. ... Document Viewer

FACT SHEET From Saving To Spending: SCHWAB’S NINE ...
Annuities. 3, interest payments from bonds and CDs) for essential expenses.  Use fluctuating income (stock dividends, mutual fund and ETF they had accounts with Charles Schwab. All data is self-reported by study participants and is not ... Get Content Here

A Winning Relationship: You, Your Advisor And Schwab ...
Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies participating in the Mutual Fund 2Variable annuities are registered securities that are sold by prospectus only and available by contacting your investment ... Fetch Document

Schwab SIMPLE IRA Participant Notice/Summary Description
May roll over SIMPLE IRA distributions to Traditional IRAs, qualified retirement plans, tax-sheltered annuities and 457(b) deferred compensation plans. Charles Schwab & Co., Inc., 101 Montgomery Street, San Francisco, CA 94104. Created Date: ... Get Doc

Group 3 - Edward Jones - Final Paper - John Kammeyer-Mueller ...
Merrill Lynch and Charles Schwab for clients, it is unmatched in its selection of and treatment of bond trading, annuities, and proprietary Schwab and Laudus mutual funds, as well as mortgages, CDs, and other banking products through its Charles Schwab Bank.” ... View Document