CANNEX Financial Exchanges Limited - Market Research Report
Company Overview
Name, Mission of the Company
Name: CANNEX Financial Exchanges Limited
Mission: CANNEX is an independent and privately held company with a mission to provide access and transparency relating to the cost and features of retirement savings and retirement income products offered across the market.
Founding Details
When was the company founded and by whom: Founded in 1984 by Alex Melvin.
Headquarters: 1200 Bay Street, Suite 1001, Toronto, Ontario, Canada M5R 2A5
Number of Employees: No information is available.
Revenue of the Company: No information is available.
What is the company known for: CANNEX supports the exchange of pricing information for annuity and bank products across North America, offering financial institutions tools to evaluate and compare various guarantees associated with retirement savings and retirement income products.
Key People in the Company
- Lowell Aronoff: Chief Executive Officer
- Gary Baker: Chief Operating Officer
- Steven Waters: Chief Information Officer
- Roland Ho: Vice President, Operations
- Shayna Galante: Senior Counsel
- Kimberley Muise: Vice President, Business Development
- Joanne Lui: Vice President, Actuarial
- Damian Baboolal: Vice President, Research
- Jamie Branyan: Vice President, Product Management
- A.J. Tell: Vice President, Product Development
- Stephanie Magee: Project Management Leader
Products
Overview
CANNEX offers a variety of products, mainly focused on annuities, Canadian banking, and investment products.
Canadian Products
Banking Products
- CANNEX GIC Exchange
- GICs/Term Deposits
- RRIFs
- Deposit Accounts
- Mortgages
- Personal Loans
- Lending
- Bank Prime Rates
Annuity Products
- Income Annuities: Pricing and evaluation tools for income guarantees and lifetime income products.
Investment Products
- Funds
Benchmarks & Indices
- PAY Index (Canada)
- Implied Longevity Yield
USA Products
Annuity Products
- Income Annuities
- Fixed Rate Annuities (SPDA)
- Indexed Annuities
- Variable Annuities
Benchmarks & Indices
- Income Valuation
- PAY Index
- Implied Longevity Yield
Consulting Services
- Research
- Income Annuity Education
Recent Developments
New Products Launched
- CANNEX Annuity Marketplace: Launched in May 2024 to broaden industry access to annuity evaluation and selection tools by leveraging CANNEX’s annuity analysis expertise and Luma Financial Technologies’ institutional product platform.
Research Papers and Studies
- 5th Protected Retirement Income and Planning Study: Released in May 2024 by the Alliance for Lifetime Income and CANNEX, indicating that half of Americans entering the Peak 65 Zone are already retired and claiming social security.
Events & Conferences
- 4th Annual Term Deposit Conference: Scheduled for October 29, 2024, in Toronto to bring together professionals from the Canadian deposit industry to discuss key issues impacting products, distribution, technology, and regulatory environments.
Awards & Recognitions
- Alexander S. Melvin Leadership Award: Recognizing inspirational and ethical leaders in the financial services industry in Canada. The 2024 call for nominations was announced on June 12, 2024.
Key Publications & Thought Leadership
- White Papers & Research: Numerous significant publications including studies on income annuities, retirement planning, and market analysis. Examples include "Comparing a Novel In-Plan Income Solution to Alternatives" (March 2023) and "Historical Pricing Variability in Immediate and Deferred Income Annuities" (November 2022).
Contact Information
Address:
CANNEX Financial Exchanges Limited
1200 Bay Street, Suite 1001
Toronto, Ontario
Canada M5R 2A5
Contact Numbers:
Phone: 416-926-0882
Toll Free: 800-387-1269
Fax: 416-926-0706
Email: cannex@cannex.com
Note: "No information is available" is specified for fields where the data was not present. This report is professional, concise, and focused strictly on the information provided within the dataset.
