Collaboration with other compensation plans

CIPF regularly participates in the Canadian Financial Services Insolvency Protection Forum. This Forum includes organizations that provide consumer protection in the event of a failure of a Canadian financial institution such as a bank or trust company, a credit union, an investment dealer, a mutual fund dealer, a life insurance company or a property and casualty insurance company.

This group meets annually to address issues of common interest and share best practices. These meetings also help ensure ongoing communication in the event of an insolvency affecting more than one compensation plan.

In partnership with several of the other Canadian compensation funds, CIPF sponsors a web portal, www.financeprotection.ca, to assist consumers with questions about financial compensation.

 

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