BridgeForce News (November 28, 2022)
BridgeForce Updates
Industry Headlines
How to prevent client complaints
What keeps a financial advisor or planner awake at night? Here’s one potential scenario: when a client makes a poor planning decision and then makes a complaint against you.
Compliance
FSRA proposes DSC ban for seg funds
Segregated fund sales under deferred sales charge (DSC) structures would be banned by mid-2023 under proposals from the Financial Services Regulatory Authority of Ontario (FSRA).
BridgeForce Compliance News (November 24, 2022)
- Licensee holding out – What you need to know
- Helping aging clients in the new compliance regime
BridgeForce Compliance News (October 31, 2022)
- Enforcement Against Unsuitability of UL as ‘one size fits all’ product
- FSRA raised concerns about UL and alignment of sales incentives
Previous BridgeForce Compliance News Issues
Advisor Education
BridgeForce-University.com is our On-Demand service that is unlike any other on-demand service you have ever seen. No narrated slideshows, and no fake webinars, just video recordings of live events!
Over 100 accredited presentations are available for you to earn all of the CE Credits that you need for your Licenses and Designations. See presentations from your carriers, PLUS access new information from other experts in the industry that are designed to grow and improve your knowledge and your practice.
Get the convenience of On-Demand, get access to our Live BFG Roadshow Webcasts, and earn all of the CE Credits that you need! Anytime, Anywhere, and on Any Device!
Tech Tips
News
New Report Shows Users Are Falling for Security and HR-Related Phishing Attacks
There has been a significant rise in phishing email attacks related to HR topics, especially those regarding new policies that would affect all employees throughout many types of organizations.
Computer Picks
Recommendations
- Microsoft Surface Laptop 4 – $999
- Dell Latitude 3420 – $839
Recommended Computer Specs
- Intel Core i5 (11th Gen or higher)
- 8 – 16 GB RAM
- 256 GB SSD or higher
Supplier Company News
Beneva
La Capitale and SSQ Insurance will be Beneva on January 1, 2023!
As one of our key partners, we’ll be keeping you up to date at every step of our transition to Beneva.
How great investment portfolios are built – and two ways you can do it
Helping your current insurance clients with their investments is a win-win. You get to expand your practice by doing even more to help your clients reach their goals. When it comes to building an investment portfolio, you can hand-pick the individual parts yourself or let us do it for you.
Important dates: Year-end deadlines
Blue Cross
Blue Vision – Termination of benefits
After an extensive review of our Blue Vision product line, there will be some changes made as of January 11, 2023. The following benefits will no longer be available for new sales.
BMO Insurance
Our top 5 list for Term Life
If you’re looking for term coverage for your clients, here are some great reasons why you should take a look at Term Life from BMO Insurance.
Canada Life
Growing Together with Canada Life (Oct 1 – Mar 31)
You could receive an additional 25% bonus, up to $10,000, on life and living benefits insurance and segregated fund sales placed between Oct. 1, 2022 and March 31, 2023 with our Growing Together bonus offer.
Canada Protection Plan / Foresters Financial
Sales Campaign: Foresters All-Star Program (Mar 15 – Dec 31)
We want you to become a Foresters Financial™ All-Star in 2022. All-Star advisors may earn an additional 15% bonus on their Foresters Net First Year Commission (NFYC)!
Desjardins Insurance
- Desjardins Advisor Series | Learn more about corporate planning and earn CE credits
- Helping clients understand application ratings, exclusions and declines
- 2022 year-end details
- Guarantee Advantage: renew now with the ongoing campaign!
- Executive Health Plan | Tools to support you
- Claims | New video and FAQ
- Delivery of Advance Notice of change for Helios2 contracts opened until November 28, 2022
Guarantee Advantage: February 2023 campaign Network Skills and Expertise Development
Empire Life
- Help your clients protect their loved one’s future while they invest in theirs
- Why Powers of Attorney, Wills and Trusts are Important
- Do you have clients who own a cottage or whose parents own a cottage?
- Helping Canadians Achieve their Financial goals
- eVision Insurance Illustrator Introduces Save & Share!
- Upcoming Term Renewals
- In 2022, defense was the best offense
- RRSP to RRIF Conversion for Class & GIF Contracts (INP-130A)
- Multi-Strategy Investor Q3 Commentary
- Financial Markets at-a-glance infographic now available for Q3
Holiday hours of operation and year-end settle dates
The BIGGER eBundle Bonus is extended until December 31, 2022
Earn 15% or 20% more FYC on life and health products when you submit the application electronically using the Fast & Full® Life App and clients select and complete the Electronic Health Questionnaire (eHQ) and choose and receive eContract Delivery as compared to submitting paper applications and receiving a paper contract.
Equitable Life
Sales Campaign: Step Up Your Wealth Sales (Jan 1 – Dec 31)
Step up your wealth sales with Equitable Life® and you’ll be rewarded with a growth bonus for doing more business in 2022. Make this year your best year ever with Equitable Life!
Fidelity Investments
Weekly Market Pulse (November 25)
iA Financial
Insights on the outlook for housing in Canada
A bubble ready to burst? Key takeaways of the analysis.
2023 is just around the corner: It’s time to maximize RESP grants for 17-year-olds!
Did you know that RESP beneficiaries born in 2005 will no longer be eligible to receive RESP grants from January 1, 2023? Act now, before it’s too late!
RRSP-TFSA – Launch of the promotional campaign
This year, due to inflation eating into the savings budgets of Canadian families, the campaign is being moved up by one month. You will have more time to raise awareness and inform your clients who are wondering about the state of the markets.
Sales opportunities | TFSA contribution limit increases to $6,500 in 2023
The Canada Revenue Agency (CRA) has confirmed an increase in TFSA contribution room to $6,500 for 2023.
ivari
Our service and processing availability during the holiday season
Turn your underwriting knowledge up a notch!
Turn your underwriting knowledge up a notch with two new CE-accredited eLearning modules! These courses will help you better understand underwriting and what you can do to ensure our underwriters get the information they need to effectively assess risk.
Manulife Financial
Sales Campaign: Grow for it 2022 (Jan 1 – Dec 31)
By helping more Canadians get the protection they need, not only will you grow your business, you’ll also be rewarded with an iPad Air.
Sun Life
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