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News By Category
Standard Life to Suspend GLWB SalesPosted in GMWB, Standard Life · · (permalink)
Standard Life anncounced that is is tempratily suspending new sales of its Guaranteed Lifetime Withdrawal Benefit Product (GLWB), the Ideal Income Series. The suspension of sales takes effect April 16th, 2012.
Standard Life’s suspension of GLWB sales will “remain in effect untill the economic and regulatory environments improve”.
No Changes to Empire Life GMWBPosted in Empire Life, GMWB · · (permalink)
As you are aware, there have been a number of changes recently announced in the GMWB market place. At this time Empire life is not planning on making any changes, only enhancements in 2012. Empire is comfortable with the current Class Plus product offering because of the following key points:
- The conservative nature of our internally managed product differentiates us from others in the market place.
- Our timing into the GMWB marketplace was favourable.
- Our business mix of traditional segregated funds and GMWB is more heavily weighted towards traditional segregated fund assets then many of our competitors.