PFSL Fund Management of Primerica Financial Services (Canada) Names Morneau Shepell Asset & Risk Management as Its New Portfolio Manager

Insurancenewsnet.com, March 26, 2014

PFSL Fund Management, the investment fund manager and trustee of the Primerica Concert Allocation Series of Funds, announced that it has appointed Morneau Shepell Asset & Risk Management as the new portfolio manager for the ConcertTM Funds. We believe their expertise will enhance unit holder value for the Concert Funds investors, "said John A. Adams, CEO of PFSL.

PFSL Fund Management, the investment fund manager and trustee of the Primerica Concert Allocation Series of Funds (the "ConcertTM Funds"), announced that it has appointed Morneau Shepell Asset & Risk Management as the new portfolio manager for the ConcertTM Funds.

According to a release, the appointment is effective on or about April 1, subject to the receipt of any necessary regulatory approvals.

"We are pleased to appoint Morneau Shepell Asset & Risk Management as the portfolio manager for the Concert Funds. The team from Morneau Shepell Asset & Risk Management brings a depth of experience well suited to meet the needs of the Concert Funds with its fund of funds structure. We believe their expertise will enhance unit holder value for the Concert Funds investors," said John A. Adams, CEO of PFSL.

"We're very pleased to have been selected by PFSL as their new portfolio manager," said Robert Boston, Managing Director of Morneau Shepell Asset & Risk Management "We hold PFSL in the highest regard and look forward to a long and mutually beneficial relationship for each of our parties and their clients."

Morneau Shepell Asset & Risk Management will provide advice to PFSL in establishing fund specific investment policies - the mix amongst equities and fixed income securities - for each Concert Fund, and will make recommendations to PFSL on the specific underlying funds to be invested in by each Concert Fund. Morneau Shepell Asset & Risk Management and PFSL, in its capacity as manager and trustee of the Concert Funds, will provide analysis, monitoring and asset allocation advice with respect to the Concert Funds.