Capital Accumulation Plans

In these guidelines, a capital accumulation plan (CAP or plan) is a tax assisted investment or savings plan that permits the members of the CAP to make investment decisions among two or more options offered within the plan. The intent of these guidelines is to:

Product Disclosure and Regulation

The Joint Forum undertook an initiative to examine the responsibilities of financial product manufacturers, intermediaries and consumers to ensure that Canadian consumers are offered suitable products and are able to make informed decisions.  The initial focus of the initiative was on product manufacturers, their risk assessment and product disclosure practices as they relate to consumers. Based on its work, the Joint Forum Product Disclosure and Regulation Committee has prepared a report on financial product development standards and practices consisting of:
·       A research paper on current requirements, standards and practices for product manufacturers in  the United Kingdom, United States and Canada;
·       A summary of findings based on the research paper and reports by the Canadian Life and Health Insurance Association (CLHIA) and the Investment Funds Institute of Canada (IFIC) on practices and processes for product development for individual variable insurance contracts (IVICs) and mutual funds, respectively; and
·       A list of other financial products which could be looked at.

FSON - Framework

Point of Sale

Practice Standards