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By: Paul Bajus 

J.P. Morgan in the U.S. recently published their 2017 Defined Contribution Pension Plan Sponsor Survey Findings, and it was interesting because the U.S. tends to be ahead of where we are in a lot of areas, pensions being one of them. This is the group they surveyed:  

By: Paul Bajus 

It sounds like a remake of an old horror movie, and to some people it’s just as scary, but it’s just the stock market returning to it’s more usual ways. At the time of this writing the most common gauge of the U.S. stock market, the S&P500, was down 5.2% for the week – it’s biggest drop since January 2016. The Canadian stock market faired about the same, but it felt more painful because our market hasn’t kept pace with the U.S. stock market for a few years, and especially since the U.S. election.  

By: Paul Bajus 

We are frequently asked about individual health and dental plans and whether they make sense to have. And, as far as insurance companies go, by far the largest number of enquiries about products are for individual health and dental plans – shockingly not many people call in wanting life insurance! The reason for the interest is simple, we all have out of pocket expenses for dental, prescription drugs, physiotherapy etc. that we would like to pay a small amount as a premium to cover those larger bills. Unfortunately, the reality is that for most people they are going to end up paying a lot more in premiums than they will ever get back in paid claims.  

By: Paul Bajus 

I don't think it will come as a surprise to any of our clients that we get paid for what we do. Maybe it will for some though, because apparently studies lately have shown that 50% of investors don't know they pay fees at all, while 75% don't understand the fees they pay.  

By: Paul Bajus 

I think we all know that every business requires marketing, and investment management is a business just like any other.  Somehow it seems like the investment business should be held to a higher standard though, and marketing the latest investment du jour shouldn’t be the first order of business.  One of the types of investments currently being marketed heavily are “income funds” or “payout funds”. 

By: Paul Bajus

After reading an interesting article in the Globe & Mail entitled “How the Big Six Won the Battle Over Wealth” it prompted me to comment.  As someone who is in the industry and obviously has a vested interest in how all the different players fair, it was an eye opener, but not a shock.

By: Paul Bajus

We all know what the benefits are of lower interest rates are for those who want to borrow money. Lower interest rates mean lower mortgage rates, which equates to lower mortgage payments for those buying a house, cheaper credit to finance all sorts of other consumer purchases, and cheaper credit for companies to borrow money for investment in their businesses.

By: Paul Bajus

Although the average person is probably not going to shed a lot of tears knowing that insurers profits are lower because of lower interest rates, lower profits inevitably have a trickledown effect to the actual consumer, and that has started to be the case in Canada if we look at life insurance in particular.

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