Press release from CNW Group
B2B Bank signs RSP loan program distribution agreement with AGF Investments Inc.
Friday, August 23, 2013
B2B Bank signs RSP loan program distribution agreement with AGF Investments Inc.06:30 EDT Friday, August 23, 2013
TORONTO, Aug. 23, 2013 /CNW Telbec/ - B2B Bank and AGF Investments Inc. have signed an agreement for the distribution of Registered Savings Plan (RSP) loans. Under the terms of this agreement, B2B Bank RSP loan proceeds will be deposited into Canadian investors' Registered Retirement Savings Plans (RRSPs) and/or Registered Education Savings Plans (RESPs) at AGF Investments Inc. for the purpose of purchasing of AGF funds.
"We've had tremendous success financing RRSPs for nearly two decades," says Maurice Forget, Senior Vice President, Marketing and Business Development at B2B Bank. "We're always looking for innovative ways to meet the needs of advisors and their clients. To be able to expand our RSP Loan Program's funding options to include RESPs, and have partners like AGF adopt our platform, is really exciting for us."
"B2B's focus on the advisor channel is one that aligns well with our own business model," says Rose Cammareri, Executive Vice President, Retail Distribution at AGF Investments Inc. "Adding their RSP Loan Program to the products and services we offer provides a complementary solution to helping investors succeed."
The RSP Loan Program is available August 26, 2013 for clients of AGF Investments Inc.
About B2B Bank
B2B Bank is a Canadian leader in providing banking products to more than 27,000 financial advisors and brokers. Through the advisor and broker channels, it offers a broad range of products and services to consumers including, investment and RRSP loans, mortgages, GICs, banking services, and investment accounts. B2B Bank has been proudly dedicated to, and 100% focused on, serving the needs of advisors and mortgage brokers for more than a decade. A wholly-owned subsidiary of Laurentian Bank of Canada, it is a member of the Canada Deposit Insurance Corporation (CDIC). As a Schedule I Canadian bank, B2B Bank offers innovative products and solutions that help advisors and brokers build a different and more rewarding banking experience for their clients. More information about B2B Bank is available at b2bbank.com.
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With over $36 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
SOURCE: B2B Bank
For further information:
Vice-President, Public Affairs and Communications
B2B Bank/Laurentian Bank
514.284.4500 ext 7511
Assistant, Corporate Communications