QUEBEC CITY, Dec. 2, 2015 /CNW Telbec/ - As part of its 2016 RRSP campaign, La Capitale Financial Group is adding three new investment accounts to its investment portfolio offering.
"This new addition will, among other things, enable La Capitale to make up for the absence of a global bond fund and for the under-representation of global and U.S. equity funds in comparison to Canadian equity funds. These new products are sourced from our CI Investments and Fiera Capital suppliers. We are also reintroducing the AGF Elements Portfolios, which we had withdrawn a few years ago," said Kim Oliphant, Vice-President of Sales, Brokerage Channel, Individual Insurance, at La Capitale. La Capitale's line of investment funds thus offers a broader range of investment vehicles to a greater number of investors with varied profiles.
Two new GICs
La Capitale is also adding two GICs to its investment product offering. The first one (the Equity Index GIC) provides 90%, 100% or 110% guaranteed capital at maturity, depending on the investment period, and capital that's 100% guaranteed in the event of death. Contracts of this type are available in non-registered products, as well as in registered products such as TFSA, RRSP, LIRA, LRSP, RRIF and LIF. They are eligible for HBP and LLP and involve a minimum investment of $500. In registered and non-registered contracts, the benefit payable to the beneficiary is equal to the greater of the initial investment and the accumulated value at the time of the contractholder's death. This GIC will be offered to investors as of December 12.
The second one (the Evolution GIC) includes an option for disbursement from a RRIF or LIF, with no penalty or fees. It will be available as of December 7. This GIC allows investors to withdraw 10% of their investment or the percentage provided by law, if higher.
About La Capitale Insurance and Financial Services
La Capitale Financial Group has a strong presence across Quebec and throughout Canada. With over 2,560 employees and guided by the values of mutualism on which it was founded, La Capitale works with clients to build, protect and value what they feel counts for their financial security. It offers insurance products and financial services to the general public as well as to Quebec public administration employees. With assets of $5.5 billion, La Capitale occupies a choice position among leading insurers in Canada.
SOURCE La Capitale Financial Group Inc.
For further information: Kim Oliphant, Vice-President of Sales, Brokerage Channel, Individual Insurance, 514 687-2962