BridgeForce News (February 13, 2023)
BridgeForce Updates
Industry Headlines
OSC takes heat for what it’s not prioritizing
Ordinarily, the Ontario Securities Commission’s (OSC) annual regulatory agenda-setting is a benign exercise establishing the regulator’s long to-do list. This year, however, the scant attention to retail investors, proprietary products and a recent audit is drawing criticism.
Compliance
More tough love for advisors
No matter where you are in your career, compliance requirements are a must.
BridgeForce Compliance News (January 25, 2023)
- FSRAO: Full cost reporting coming to Seg funds this spring
- Changes in BC
- Good article from ICBC on AML (Anti-Money Laundering) duties
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 – $919
Recommended Computer Specs
- Intel Core i5 (11th Gen or higher)
- 8 – 16 GB RAM
- 256 GB SSD or higher
Supplier Company News
Beneva
Beneva Newsletter – January 2023
- News on the transition
- Savings and Investments
- When good clients invest badly
- Philanthropy
BMO Insurance
Support wealth transfer with the Annuity Settlement Option
If your clients have concerns about how loved ones will spend an inheritance, talk to them about strategies to control how beneficiaries receive wealth.
Canada Life
2022-2023 RRSP and TFSA toolkit
Canadians are looking for financial guidance now more than ever. They need expert advice and the right investment solutions to navigate these uncertain times. Take advantage of RRSP season to kickstart conversations to help steer clients’ savings plans on track. Canada Life is here to help you.
Take your large case business to the next level with Canada Life
Canada Life has the most extensive large case support in the industry. Today, we’re announcing a new name for this industry leading support: Canada Life Elevate.
Simplify your role as executor of an estate
The death of a loved one brings not only grief, but an overwhelming amount of paperwork. It can be hard to know what to do or find the energy to do it. That’s where Estate at EaseTM can help.
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
Qualify and earn more!
To qualify for the Loyalty Bonus Program (LBP), you must earn the minimum Net First Year Commission (NFYC) within the calendar year of 2023. To attain the next level in the program, the minimum NFYC must be obtained in each subsequent year! This year’s minimum NFYC is $10,000.
Desjardins Insurance
- Participating life insurance | Summary of scenarios now generated in illustration report
- Guarantee Advantage | April 2023 campaign
- Kick off 2023 by adding new interactive brochures to your marketing toolkit
Empire Life
- Two Empire Life investment funds named best in class for 2022
- The Empire for Life Loyalty Program Update
- Staying in the market, not trying to time it, can be the best option for clients
- Multi-Strategy Q4 Advisor Holdings Update
- Key market events of 2022 and 2023 Outlook
- The Empire Life GIF Growth Commission Bonus program has been extended for 2023!
- Policyholder tax reporting for 2022 and RRSP season 2023
- Leveraging our 2022 success for 2023
- The Empire Life RRSP & TFSA toolbox
- New Business: Issue Instructions
- NEW: Child Rider Conversion Application
At your finger tips – our Financial Facts is available
There are a lot of financial facts to keep track of – here’s our handy sheet with the important amounts and dates to help you manage your finances.
Empire Life GIF Growth Commission Bonus program
Extended for 2023, earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF)1 to new and existing clients.
Earn up to 20% more FYC (Ends March 31, 2023)
Until March 31, 2023, earn 15% or 20% more FYC1 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
This year’s RSP contribution deadline is March 1, 2023
The RSP deadline is fast approaching so whether you are using paper or EZtransact™ here are some important things to remember.
Clients can win up to $5,000 in the RSP Grow Your Future Contest (Jan 1 – Mar 31)
RSP season is here and Equitable Life® is giving clients and their advisors a chance to win BIG with the Grow Your Future Contest. This contest is for advisors and clients working together to build wealth that lasts through the ups and downs.
Fidelity Investments
Weekly Market Pulse (February 10)
iA Financial
Canada: Employment growth accelerates, pushing recession risks lower
This week: The labour market is red hot, pushing recession risks lower, but the risks of further rate hikes are on the rise!
The Fed continues to hike. Will the markets listen?
This week: The U.S. Federal Reserve continues to hike and insists that it’s not over yet, but the markets don’t seem to hear!
Improvement to the post issue underwriting (PIU) process and liberalization of standards
Tracking the status of PIUs has never been easier, now done in the Business Tracker. We have also reviewed some standards for psychological disorders and made changes to an administrative form. Learn more!
RRSP-TFSA Campaign | New opportunities – prestige high potential clientele
Take advantage of the excitement of the last few weeks of the RRSP-TFSA campaign to consolidate more assets, improve referrals and retention with a new mailing of opportunities to your existing clients.
Availability of your clients’ tax documents
As tax season approaches, your clients’ tax documents (savings) are gradually becoming available.
RBC Insurance
Help your clients reach their retirement savings goals with RBC GIF!
The RRSP deadline is March 1, 2023. Help your advisors and their clients get ready and get the most out of this year’s RRSP season.
Sun Life
- Sun Life National Sales Webinar series
- The 2023-2024 Sun Life dividend scale is increasing!
- Submit AML in a snap
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