B2B TRUST pulling out of the Individual Pension Plan business! What advisors should do?
We have been informed that B2B Trust, a subsidiary of the Laurentian Bank group of companies, has decided that effective December 31, 2016, they would cease to act as corporate trustees and custodians of Individual Pension Plans (“IPPs”) and by extension, Personal Pension Plans.
Financial advisors who have clients using B2B Trust might be looking at alternatives. Unfortunately, and except for very limited circumstances, these IPPs cannot use B2B’s main competitor, Canadian Western Trust, because that entity is also pulling out of this segment of the corporate trust marketplace.
Fortunately, there are a few solutions available to these clients including shifting to another corporate trustee, or moving to an insurance platform where no trust is required.
We would invite advisors with clients caught in this situation to contact INTEGRIS by sending an email message to:[email protected]. A member of our Sales team will respond within 24 hours.
Assumption Life partners with INTEGRIS to offer the Personal Pension Plan (PPP)
Assumption Life has partnered with INTEGRIS to offer the Personal Pension Plan (PPP), bringing this tax-efficient retirement solution to a broader network of advisors and their clients. To learn more about how the PPP can work for you, Contact INTEGRIS.
Change in Policy - Fee Payment
In the past year, we have experienced a surge of interest in the PPP®, especially given the introduction of the "Morneau tax measures". Our staff has been working hard with advisors to onboard these plans and we are very grateful to all of you who offer the INTEGRIS PPP®to your clients.