Briefly:

Canadians are not saving enough now to make the retirement lifestyle they want a reality even though it is one of their top financial goals, says CIBC.

“Retirement planning is complex and multifaceted and to achieve the retirement you want, you need to be proactive and start planning early,” said Steve Geist, president, CIBC Asset Management.

The top tip offered by Geist is that Canadians consult an advisor to take some of the mystery and pressure out of planning, make sense of the numerous savings and investment options.

Canadians also need to be able to articulate their retirement goals, including: when they plan to retire; whether they want to continue working part time; and whether they can afford the retirement they want, given your current investments and future income stream.

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Valiant Trust becomes ‘Acceptable’

Calgary-based Valiant Trust Company has received classification as an “Acceptable Institution” under Investment Industry Regulatory Organization of Canada (IIROC) rules.

“Valiant Trust is very pleased to be classified as an IIROC Acceptable Institution,” said Adrian Baker, President of Valiant Trust. “This qualifies and facilitates our appointment as escrow agent for the underwriting proceeds on subscription receipt or special warrant offerings. We are among a select few transfer agents in Canada with such a classification.”

(01/29/10)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.