• Several changes to Canada Life funds

Canada Life Investment Management Limited (CLIM) is making changes to its Evolution mutual fund range. About 12 funds were rebranded while the Parcours brand was removed. GPCV has also reopened three funds for subscription and changed the level of risk. However, the investment objectives and strategies of these funds remain unchanged. Find out all about these changes here.

• Foresters is looking for a new manager

Foresters Financial announces the resignation of its President and Chief Executive Officer, Louis Gagnon, for personal reasons. While he was waiting for a successor to be found, the board appointed René Zanin to head the organization on an interim basis. René Zanin previously worked at Foresters from 2002 to 2008 as a senior consultant. Since returning to Foresters in 2015, he has been part of the senior management team, leading the legal and compliance departments. Read more on the website of finance and investments.

• Partnership between Emma and Segic

The two Canadian insurtechs join forces to offer their employees complementary life insurance services that are accessible, personalized and fully online. Segic, a technology company specializing in the development of a global platform focused on an organization’s collective and individual benefits, announced in a press release a strategic partnership to bring Emma into its benefits marketplace. The purpose of this partnership is to offer members of group benefits programs a 100% online life insurance option. Read more on the website of finance and investments.

• Invesco cuts management fees for its PFL ETF

Invesco Canada announces a permanent reduction in management fees for its Invesco 1-3 Year Laddered Floating Rate Note Index (PFL) ETF. This reduction from 0.20% to 0.12% will take effect on September 1, 2023. This decision is part of a strategy to make the PFL more attractive to investors looking to benefit from higher yields in a rising interest rate environment. Read more on the website of finance and investments.

• GMA CI is revising the risk rating of certain funds

CI Global Asset Management (CI GAM) has conducted its annual review of the risk levels of its mutual funds. A total of 13 funds are in transition. No changes have been made to the investment objectives, strategies or management of the Funds. Read more on the website of finance and investments.

• CSF: Candidates wanted

The Chambre de la sécurité financière (CSF), a multidisciplinary self-regulatory body, seeks candidates for its Disciplinary Board for each of the five disciplines it oversees. The Disciplinary Committee consists of the President and two professional members of the CSF coming from the same field of activity and the same marketing sector as the representative concerned. His job is to hear complaints that the General Counsel makes against a Member Representative for breach of the General Counsel Law on Distribution of Financial Products and Servicesfor the securities lawor one of their regulations. Read more on the website of finance and investments.