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In this section, you will find an archive of our global and Canadian news releases for the last 12 months. Click on the link to view one of the news releases.

Foresters Financial Announces Strategic Transactions

  • Apr 09, 2019

TORONTO – April 9, 2019 – Foresters Financial™ has entered into definitive agreements to sell assets related to its U.S. asset management business, including First Investors mutual funds, to Macquarie Investment Management (“Macquarie”), the investment manager of the Delaware Funds® by Macquarie family of funds, and its U.S. broker dealer and advisory business to Cetera Financial Group (“Cetera”)...

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Foresters Asset Management offering institutional pricing for its imaxx Short Term Bond Fund and imaxx Canadian Bond Fund

  • Dec 19, 2018

Foresters Asset Management Inc. (“FAM”), the manager of the imaxxFunds™, is pleased to announce that effective January 1, 2019, FAM will lower the management fee for Class F of the imaxx Short Term Bond Fund and Class F of the imaxx Canadian Bond Fund (the “Funds”), and will continue to absorb a portion of the Funds’ operating expenses in order to lower the Management Expense Ratio (“MER”)...

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Canada Post labour disruption

  • Oct 22, 2018

The Canadian Union of Postal Workers (CUPW) announced that it will hold rotating strikes at various locations beginning October 22, 2018. Canada Post continues to operate across Canada but the rotating strikes may slow mail delivery.

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Foresters Financial maintains A.M. Best “A” (Excellent) ratings

  • Oct 11, 2018

(Toronto, ON, October 11, 2018) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength1 ratings...

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Foresters offers Emergency Assistance to members in Ontario and Quebec

  • Sep 28, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by the tornadoes in Ontario and Quebec...

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Foresters Financial and KaBOOM! Celebrate building 150 Playgrounds Together while Increasing Play Opportunities for Minneapolis Kids

  • Sep 22, 2018

Minneapolis, MN – The Minneapolis community was revitalized today thanks to a new playground built at Jenny Lind Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Jenny Lind Elementary School and the national non-profit KaBOOM! created the new playspace...

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Celebrating 150 playgrounds

  • Sep 21, 2018

On Saturday, September 22, the Minneapolis community will be revitalized thanks to a new playground built at Jenny Lind Elementary School. Nearly 200 volunteers from Foresters, Jenny Lind and KaBOOM! will create the new playground, ultimately helping 1,300 children and their families in the local community for years to come...

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Foresters Financial announces winners of 2018 Competitive Scholarships in Canada and the United States

  • Aug 31, 2018

(Toronto, ON, August 31, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the 250 recipients of our 2018 Competitive Scholarships in North America...

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Foresters offers Emergency Assistance to members in British Columbia

  • Aug 24, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in British Columbia...

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Foresters Financial names Alvin Sharma as new Global Chief Financial Officer

  • Aug 24, 2018

(Toronto, ON, August 24, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of Alvin Sharma as our new Global Chief Financial Officer, effective September 17, 2018. He will be based in Toronto...

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Foresters Asset Management Inc. implements change to the investment objective of the imaxx Global Equity Growth Fund

  • Aug 21, 2018

(Toronto, ON, August 21, 2018) – Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund”), is pleased to announce that the change to the Fund’s investment objective that was approved at a special meeting of unitholders of the Fund held on May 15, 2018, takes effect today.

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Foresters offers Emergency Assistance to members in Ontario

  • Aug 10, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in Ontario...

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Foresters Financial announces 2018 dividend for Canadian participating certificate holders

  • Jul 31, 2018

(Toronto, ON, July 31, 2018) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $8.5 million for eligible1 participating Canadian certificate holders in 2018. That’s up more than two percent from the $8.3 million disbursed in 2017. The dividend investment rate in 2017 was 6.43 percent...

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Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Edmonton Kids - Community Volunteers Build State-of-the-art Playground in Six Hours at Clara Tyner School

  • Jul 28, 2018

Edmonton, Alberta – The Edmonton community was revitalized today thanks to a new playground built at Clara Tyner School. In just six hours, more than 200 volunteers from Foresters Financial™, Clara Tyner School and the national non-profit KaBOOM! created the new playspace...

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Foresters offers Emergency Assistance to members in British Columbia

  • May 22, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in British Columbia...

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Foresters Financial releases 2017 annual report

  • May 17, 2018

(Toronto, ON, May 17, 2018) – Foresters Financial™, an international financial services company, is pleased to release its annual report to members. The magazine and digital version are called Moved to Action and include information on our grant programs, membership activities and 2017 financial results...

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change to the investment objective of the imaxx Global Equity Growth Fund

  • May 15, 2018

TORONTO, May 15, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the Fund), is pleased to announce that at the special meeting of unitholders of the Fund held today, the unitholders approved a change to the investment objective of the Fund...

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Foresters Financial appoints David Longfritz as new Global Chief Marketing Officer

  • May 04, 2018

(Toronto, ON, May 1, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of David Longfritz as its new Global Chief Marketing Officer, effective May 7, 2018.

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Foresters Financial wins prestigious IABC 2018 Gold Quill Award of Excellence for employee engagement

  • Apr 18, 2018

(Toronto, ON, April 18, 2018) – Foresters Financial™, an international financial services provider committed to doing more for families and communities, has won an International Association of Business Communicators (IABC) 2018 Gold Quill Award of Excellence in the communication management/employee engagement category...

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Foresters Asset Management announces proposed changes to imaxx™ Global Equity Growth Fund

  • Apr 13, 2018

TORONTO, April 13, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund"), announced today that it will seek the approval of unitholders to change the Fund to a global equity balanced mandate. The manager proposes to rename the Fund as the imaxx Global Fixed Pay Fund and to change the investment objective of the Fund to the following...

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Foresters Asset Management announces change to the monthly distribution rate for the imaxx™ Canadian Fixed Pay Fund

  • Apr 13, 2018

TORONTO, April 13, 2018 - Foresters Asset Management Inc. (“FAM” or the “Manager”), today announced changes to the distribution rate for the A8 and F8 classes of the imaxx Canadian Fixed Pay Fund (the “Fund”). These changes will take effect in June, 2018...

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Foresters offers Emergency Assistance to members in Brantford, Ontario

  • Feb 26, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in Brantford, Ontario...

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Foresters Asset Management celebrates opening of new office by giving back to the community

  • Feb 22, 2018

(Toronto, ON, February 22, 2018) – Foresters Asset Management, a division of Foresters Financial™, celebrated the official opening of its new Toronto office by giving back to a worthy local cause...

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Foresters Financial appoints Blake Moore as the new President of NAAM

  • Jan 10, 2018

TORONTO--(BUSINESS WIRE)--Foresters Financial™, an international financial services provider, is pleased to announce Blake Moore as the new President of North American Asset Management, effective January 16, 2018.

 

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Foresters Financial announces the inclusion of a Charity Benefit provision to recent enhancements to its Advantage Plus insurance product in Canada

  • Jan 02, 2018

(Toronto, ON, January 2, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the inclusion of an incomparable Charity Benefit provision to the recent enhancement to our Advantage Plus1 participating whole life insurance product in Canada.

 

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We have great stories to tell and we’re excited when we get coverage. Here is just a snapshot of print and digital articles about Foresters Financial.

Foresters Asset Management’s Vivian Lo spoke with Morningstar Canada to discuss the Canadian dividend outlook for 2019 to kick off their Women In Investing Week

  • Mar 04, 2019

3 Canadian stocks with dividend growth potential

  • Nov 29, 2018

Wild West Haunted House brings spooky thrills close to home

  • Oct 24, 2018

Minneapolis elementary school students help design a new playground, to be built this fall with help from Foresters Financial volunteers.

  • Jun 28, 2018

Central banks expected to assist risk asset performance

  • Jul 14, 2016

Electronic underwriting insurers testing the waters

  • Jul 08, 2016

The Amateur Genealogist: Understanding Fraternal, Benevolent and Secret societies

  • Jun 14, 2016

Foresters announces rebrand to Foresters Financial

  • Jun 07, 2016

Foresters announces rebrand to Foresters Financial

  • Jun 07, 2016

Foresters latest insurer to end sales-based travel incentive conferences

  • Jun 06, 2016

Foresters to end sales conferences

  • Jun 06, 2016

Morning Briefing Insurers to get briefing and it is rocket science

  • Jun 06, 2016

Life insurers rush to the rescue in Fort McMurray

  • May 13, 2016

Life insurance companies offer support to Fort McMurray

  • May 11, 2016

Fort McMurray donations hit record thanks to insurers, businesses

  • May 11, 2016

Foresters Financial completes acquisition of Aegon Capital Management, Aegon Fund Management

  • May 05, 2016

Foresters completes Aegon acquisitions

  • May 05, 2016

Foresters hires former Liberty Life exec

  • Sep 30, 2015

Foresters to become Foresters Financial

  • Sep 23, 2015

Effective branding can help build loyalty

  • Sep 22, 2015

Major insurer changing its name

  • Sep 21, 2015

Lou Severino Named 2015 Community Involvement Award, Foresters

  • Jun 25, 2015

Foresters, KaBOOM! and volunteers bring families together with new playground at Heron Park

  • Aug 12, 2015

A.M. Best Upgrades Ratings of Foresters Life Insurance Company and First Investors Life Insurance Company

  • Jul 01, 2015

Foresters reorganizes to establish its niche presence

  • May 27, 2015

Major insurer hires North American President and Executive VP

  • May 03, 2015

Foresters Taps Liberty Mutual Vet to Lead North American Life

  • Apr 30, 2015

Foresters sponsors Canadian Mortgage App

  • Mar 20, 2015

Curious. Fearless. Focused. Meet Canadian actuary Sharon Giffen

New whole life product hits the market

  • Jan 28, 2015

Foresters introduces Advantage Plus

  • Jan 26, 2015

Foresters celebrates 100 playgrounds built across North America

50 women of influence in Canada’s life insurance industry

  • Aug 18, 2014

Foresters names president, CEO

  • Apr 01, 2014

Foresters appoints new CEO

  • Apr 01, 2014

Foresters Financial

Foresters Financial™ is an international financial services provider with over three million clients and members1 in the United States, Canada and the United Kingdom. The Foresters Financial family of companies provides investment, life insurance, savings and retirement solutions that help families reach their financial goals, and improve their communities.

At Foresters Financial, we believe our products are just a starting point. We believe in working with communities to make our purpose a reality. That’s why we invest time and money in ways we can work together to make a difference, including neighborhood programs, charities and scholarships.

As a fraternal benefit society, The Independent Order of Foresters has a global network of more than two-million members. Members enjoy unique benefits including competitive academic scholarships, financial counseling and discounted legal services 1.

 

Foresters Financial family of companies

The Foresters family of companies operates in the United States, Canada and the United Kingdom.

Foresters Financial Corporate Office
Foresters Financial
789 Don Mills Road
Toronto, ON, M3C 1T9

Foresters Financial Holding Company
Foresters Financial
40 Wall Street, 10th Floor
New York, NY, 10005

Foresters Financial UK
Foresters Financial UK
2 Cromwell Avenue
Bromley, UK, BR2 9BF

 

Executive leadership

James R. (Jim) Boyle, President and Chief Executive Officer
Euan Allison, Chief Executive Officer, United Kingdom
Pat Colavita, Vice President and Chief Internal Auditor
Nicole Gourley, Global Chief Membership Officer
Mehul Kapadia, Chief Information Officer, Vice-President of IT and Business Transformation
David Longfritz, Global Chief Marketing Officer
Marcia Mendes-d’Abreu, Global Chief Human Resources Officer
Blake Moore, President, North American Asset Management
Alvin Sharma, Global Chief Financial Officer
Gaurav Upadhya, Chief Actuary

René Zanin, Global Chief Legal Officer and Chief Compliance Officer

 

Financial strength

Foresters Financial is an international financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. Foresters Financial has assets of $17.8 billion2, $15.8 billion in liabilities, total funds under management of $43.2 billion and a surplus of $2.0 billion3. The Independent Order of Foresters, Foresters Life Insurance Company, and Foresters Life Insurance and Annuity Company has also each received an “A” rating from A.M. Best4. We continue to invest in growth and expansion, while also maximizing our positive impact on families and communities.

 

Products

The Foresters Financial family of companies offers:

  • In North America – A variety of retirement, investment and savings products and a range of life insurance products including individual term, whole life and universal life as well as annuities.5
  • In the United Kingdom - A variety of retirement, saving, investment and protection products.6

 

Competitive scholarships

Up to 250 competitive scholarships are awarded each year to eligible Foresters members or their dependent children and grandchildren in the US and Canada and 150 in the UK.1 For more information, visit our Membership page.

 

Community support

Foresters Financial helps protect families and communities across North America and the U.K. through national charitable partnerships with KaBOOM!, Cash for Kids, and hundreds of local charities and community organizations chosen by our members.

 

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

1Description of member benefits that you may receive assumes you are a Foresters Financial member. In the United States members may currently only be anyone insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters. If you are not an insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters, or are not a social fraternal member, then you are not a member. Foresters member benefits are non-contractual, subject to benefit specific Eligibility requirements, Definitions and limitations and may be changed or cancelled without notice.

2All figures in Canadian dollars.

3This surplus comprising assets of $17.8 billion and liabilities of $15.8 billion represents excess funds above the amount required as legal reserves for insurance and annuity certificates in force and provides additional assurances to our members for our long term financial strength. Financial results as at December 31, 2018. All figures in Canadian dollars.

4 An “A” (Excellent) Financial Strength Rating is assigned to companies that have a strong ability to meet their ongoing obligations to policy holders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns rating from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In 2018 A.M. Best assigned each of The Independent Order of Foresters (IOF), Foresters Life Insurance Company (FLIC) and Foresters Life Insurance and Annuity Company (FLIAC) an “A” (Excellent) Financial Strength Rating. The rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of IOF, FLIC and FLIAC but does not apply to the performance of any non IOF, FLIC or FLIAC issues products. In assigning the ratings, A.M. Best stated that the outlook for all ratings is “stable”, which means they are unlikely to change in the near future assuming our financial strength is maintained and our operations grow. See ambest.com for the latest ratings.

5 In the United States, securities, life insurance and annuity products are offered through Foresters Financial Services, Inc. Insurance products are issued by Foresters Life Insurance and Annuity Company or The Independent Order of Foresters. In Canada, life insurance and annuity products are issued by Foresters Life Insurance Company or The Independent Order of Foresters while mutual funds are offered by Foresters Asset Management Inc. All products are not available in all jurisdictions.

6 In the United Kingdom, protection, savings, investment, pension and annuity products are provided by Forester Life Limited. In addition a subsidiary company Forester Fund Management Limited, trading under the brand The Children’s Mutual, provides a number of child savings products. All products are not available in all jurisdictions.

412526 CAN (03/19)

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