CLHIA – G19 Information for Advisors


The Canadian Life and Health Association (CLHIA) published a new guideline, G19, in December 2017.  G19 sets out the framework for disclosing to the sponsors of group retirement and group benefits plans, how much they pay to the intermediaries involved in the sale or renewal of the plan. The CLHIA has been holding information sessions in various locations across Canada for advisors to learn more.  IFB has been critical of the lack of involvement of advisors in the development and implementation of G19.  New developments have been announced this week.

The CLHIA announced February 5th that the July 1, 2018 reporting date for new sales, has been delayed until January 1, 2019.  Disclosure for renewing programs will be implemented January 1, 2020.  In addition, it has now made materials available on its website where advisors can read G19,  the accompanying explanatory documents and comment on them until March 2, 2018.  As well, there’s a link for interested advisors to volunteer for the advisory group that will have input on how G19 rolls out.

Have your say!

Advisors – Find G19 information here 

FOR CONSULTATION: Explanatory notes to Guideline G19, Compensation Disclosure in Group Benefits and Group Retirement Services

Press release issued February 5, 2018: CLHIA DELAYS IMPLEMENTATION OF NEW COMPENSATION DISCLOSURE GUIDELINE BY SIX MONTHS

Advisor Protest – New disclosure rules from CLHIA draw complaints