CFPSA Annual Report 2003-2004

• Chief of the Defence Staff
  • Agency Profile
  • Our Divisions
  • Human Resources
  • Finance and Informatics
  • Internal Audit and Review
  • NPP Sponsorship and Donation Program
  • CFN National Advertising Program
  • Human Rights and Harassment Prevention
  • Support to those who served in 2003/2004
• President and Chief Executive Officer
• Introduction
• Services to Serving members
  • CANEX offers What You Need
  • SISIP Financial Services
  • Work/Life balance
  • National and International Sports
  • Physical Fitness
  • CFPSA Training Centre
  • Human Performance Reasearch and Development
  • Health Promotion
  • Messes
  • Support to those who served in 2003/2004
  • PSP: Looking ahead
• Services to Deployed Members
  • Your home away from home
  • Mission Information Line
  • Financial matters
  • Deployed Operations
  • Support to deployed members in 2003/2004
• Services to Families
  • Military Family Services Program
  • Youth Program
  • Mission Information Line
  • Don't Forget the Fun
  • Volunteers
  • Employment of Family Members
  • SISIP FS
  • CANEX
  • Support to families in 2003/2004:
  • Families: Looking Ahead
• Services to Retired/Former Members
  • Retirement Planning at any Age
  • Support to Retired/Former Members in 2003/2004
• NPP Committees
• NPP Board of Directors
• Financial Overview and Highlights
  • CFPSA Financial Overview
  • Base/Wing Funds
  • Officers Messes
  • Warrant Officers and Sergeants Messes
  • Junior Ranks Messes
  • Combined and All Ranks Messes
• Acronyms

PREVIOUS REPORTS

• 2004/2005
• 2003/2004
• 2002/2003
• 2001/2002
• 2000/2001 (.pdf, 2.97Mb)
• 1999/2000 (.pdf, 758Kb)
• 1998/1999 (.pdf, 6.90Mb)

As one of the operational divisions of CFPSA, SISIP Financial Services (SISIP FS) understands that careers in the CF have unique requirements and needs. That’s why SISIP FS products and services are tailored to the military lifestyle. Our mission is to provide high quality financial products and services at a cost/benefit advantage compared to the marketplace.

SISIP FS has been providing financial products and services exclusively to serving and former members of the CF and their families since 1969.

In recent years, SISIP FS has expanded its services to include life and disability insurance, financial planning, financial counselling, personal financial management education, and the CF Personnel Assistance Fund (CFPAF) Programs. CFPAF includes financial distress loans and grants, and selfimprovement and education assistance loans.

In support of the CFPSA mission, SISIP FS has contributed $2.5 million annually to the CFPSA Morale and Welfare Unit Grants. In addition, it has been the financial sponsor of the Volunteers' Recognition Program.

FACT:

In 2003/2004, CANEX and SISIP FS returned $5.8 million to Base/Wing/Unit funds across Canada.

SISIP FS has also touched the lives of many CF members by sponsoring the CF Sports Awards Ceremony and contributing to Operation SANTA CLAUS.

With 18 offices throughout Canada, SISIP FS is proud to offer a team of qualified and dedicated professionals to assist CF members and their families with the best Financial Solutions for Today … and Tomorrow!

- Net Worth - Revenues - Expenses

In 2003/2004, SISIP FS:

• Paid Life insurance paid to beneficiaries in the order of approximately $13.5 million.
• Saw the number of financial planning services clients grow to more than 3,000 clients with $34.6 million under management.
• Had SISIP FS Financial Counsellors assist 1,100 CF members and spouses, on an ongoing basis throughout the year.
• Provided Formal financial education and personal financial management to 5,500 members, including all recruits and officer cadets.

SISIP FS: Looking ahead

• SISIP FS became the administrator of the new Canadian Forces Accidental Dismemberment (CFAD) policy.
• SISIP FS launched the Leadership and Financial Support course for senior leaders registered in the CF Intermediate Leadership Qualification (ILQ).