This article follows on from one published by Sun Life about the oncoming impact of taxes on non registered annuities. From January 2017, income taxes on non registered will soar.
We find that clients are really fed up with the machinations of the stock market and the low,low interest rates.They remember when the world was calmer and they could get 8% on a GIC. Now every mad country seems to threaten the world with missile strikes and bond returns keep falling.
So using their ages as a missile,they seek and get far better returns in a life annuity.