Our Mission
"We are committed to enhancing the financial well-being of the Canadian Forces community through tailored and unbiased financial solutions; thereby contributing to operational readiness and effectiveness."
Serving two generations of Canadian Forces members
Since its inception in 1969, SISIP FS has been the Canadian Forces (CF) delivery arm of financial products and services. All of our programs are delivered in a non-public property framework, on behalf of the Chief of Defence Staff (CDS) and through Director General Personnel and Family Support Services. As an integral part of the Department of National Defence for the past forty years, it has a clear mandate to deliver sound financial solutions to the Canadian Forces (CF) community…SISIP FS has always understood that careers in the CF have very unique requirements and needs, and that is why our financial products and services provide solutions tailored to the unique military lifestyle. Indeed, in the words of the Chief of Defence Staff, General Walter J. Natynczyk, an active participant at the ceremony celebrating the 40th Anniversary of SISIP FS held December 6 at NDHQ, “two whole generations of CF members” have now benefitted from their services and support. |
 |
2009… A year in review
|
Insurance
With licensed insurance representatives across Canada, SISIP FS offers term life and disability insurance options that are both competitively priced and adapted to the special needs of the military community.
As of December 2009, approximately 137,438 CF members, former members, and their spouses/partners were insured under the various term life insurance plans. Over $34M in life insurance benefits were paid to beneficiaries and the SISIP FS insurance coverage in force was $26B.
Close to 67,272 Regular Force and 30,000 Reserve Force members were insured under the Long Term Disability (LTD) policies. Total benefits paid and support provided under the LTD and Vocational Rehabilitation Programs (VRP) was in excess of $52.5M. LTD benefits were paid to over 3000 members, and the VRP assisted 2,775 members.
Financial Planning
All of our financial planners hold the Certified Financial Planner (CFP) (F. Pl. in Quebec) designation. They provided comprehensive financial planning services, including advice and investment products*, to 5,900 clients with more than $161M in investments under management.
* Mutual Funds provided through FundEX Investments Inc.
Financial Counselling
Through remedial and preventative counselling, our financial counsellors were able to assist almost 9,000 CF members in developing and improving their money management skills, and finding solutions for those experiencing financial difficulties.
Personal Financial Management Education Program
Some 9,400 recruits and officer cadets, along with junior and senior non-commissioned members participated in the various personal finance courses offered through formal CF training programs (Basic Military Qualifications, Primary Leadership Qualifications, and Intermediate Leadership Qualifications.)
Canadian Forces Personnel Assistance Fund (CFPAF)
CFPAF provides financial assistance to CF personnel and their families. Through its various loan programs and grants 4,186 CF members have received: financial distress loans and grants, self-improvement loans (SILP), and education assistance loans (EALP), among others; this means there are over $13.8M in the hands of CF personnel and their families.
Canadian Forces Group Retirement Savings Plan
(
)
With $153M under management, this "do it yourself " administered group retirement savings plan is endorsed by SISIP FS and administered by the Group Retirement Services division of the Great West Life Assurance Company. This plan offered through web and telephone access is exclusive to all serving and former CF personnel and their families.
Financial Contributions to the CF Community
SISIP FS contributes financially to a number of funds and support programs catering specifically to the CF community. Morale and Welfare Unit Grants alone received $2.7M of our total contributions for 2009. Since 2002, SISIP FS has contributed in excess of $44M in order to continue enhancing the lives of the CF community at large.
The SISIP FS Network
SISIP FS offices are located throughout 18 major bases/wings across Canada, in Bagotville, Borden, Cold Lake, Comox, Edmonton , Esquimalt, Gagetown, Greenwood, Halifax , Kingston, Montreal/Saint-Jean, Ottawa, Petawawa, , Shilo, St. John's, Trenton, Valcartier, and Winnipeg.
SISIP FS: a dedicated team of certified financial planners, licensed insurance representatives, financial counsellors and educators, coming together to provide serving and former CF personnel and their families with the most comprehensive Financial Solutions for Today...and Tomorrow!
