Managing longevity risk while providing steady income poses a challenge
CIBC said 24 CDRs should be listed by early January
The fund has a 0.75% management fee
The changes come into effect on Nov. 1
Guaranteed products include features that reduce potential returns while preserving capital
The fund, focused on mid-sized North American companies, raised $417 million
The satisfaction of insurance advisors hinges largely on respect for their independence
The par account needs to provide resilient long-term investment performance
The firm aims to eventually cover the fixed-income investable universe
Product shelves at some banks are changing thanks to the client-focused reforms