Briefly:

Implementing a regulatory framework applicable to credit rating agencies that would require compliance with the recently amended code of conduct established by the International Organization of Securities Commissions (IOSCO);

Amending the short-term debt exemption to make it unavailable for sales of asset-backed short-term debt including ABCP;

Reducing reliance on the use of credit ratings in securities legislation;

Addressing the roles played by dealers and advisers with respect to ABCP; and

Reviewing specific issues regarding mutual fund investments in ABCP

To read the paper on the CSA’s website, click here.

• • •

Poll finds gender gap in foreign retirement plans

(October 6, 2008) A poll on the retirement plans of Canadian baby boomers has uncovered significant differences between men and women concerning their appetite to spend time living abroad.

However, the TD Waterhouse poll finds that for both genders, healthcare coverage is the biggest factor in their decision to spend time outside of Canada each year.

Among all respondents, 45% say they will spend one month or more out of the country annually when they retire. However, significantly more men (52%) than women (37%) say they will do so.

Less than one-in-five of all respondents plan to live outside Canada for more than three months a year and only 16% plan to buy a home outside the country. Their plans are comparable to an extended vacation rather than a long-term or permanent move abroad.

Access to healthcare is the leading factor in Canadians’ decision to spend time abroad each year, with 94% of respondents citing it (72% say it is very important, 22% say somewhat important).

Concern about the quality of healthcare outside Canada comes next, with 84% citing it (53% say it is very important, 31% say somewhat important). On both access to healthcare and quality of healthcare, women’s responses are similar to men’s, although somewhat more pronounced.

“Clearly women and men hold different views about living abroad in retirement, particularly whether or not they can afford it,” says Patricia Lovett-Reid, TD Waterhouse’s senior vice-president. “This can be a big problem when couples are planning their retirement together.”

(10/06/08)

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• Implementing a regulatory framework applicable to credit rating agencies that would require compliance with the recently amended code of conduct established by the International Organization of Securities Commissions (IOSCO);
• Amending the short-term debt exemption to make it unavailable for sales of asset-backed short-term debt including ABCP;
• Reducing reliance on the use of credit ratings in securities legislation;
• Addressing the roles played by dealers and advisers with respect to ABCP; and
• Reviewing specific issues regarding mutual fund investments in ABCP

To read the paper on the CSA’s website, click here.

Poll finds gender gap in foreign retirement plans

(October 6, 2008) A poll on the retirement plans of Canadian baby boomers has uncovered significant differences between men and women concerning their appetite to spend time living abroad.

However, the TD Waterhouse poll finds that for both genders, healthcare coverage is the biggest factor in their decision to spend time outside of Canada each year.

Among all respondents, 45% say they will spend one month or more out of the country annually when they retire. However, significantly more men (52%) than women (37%) say they will do so.

Less than one-in-five of all respondents plan to live outside Canada for more than three months a year and only 16% plan to buy a home outside the country. Their plans are comparable to an extended vacation rather than a long-term or permanent move abroad.

Access to healthcare is the leading factor in Canadians’ decision to spend time abroad each year, with 94% of respondents citing it (72% say it is very important, 22% say somewhat important).

Concern about the quality of healthcare outside Canada comes next, with 84% citing it (53% say it is very important, 31% say somewhat important). On both access to healthcare and quality of healthcare, women’s responses are similar to men’s, although somewhat more pronounced.

“Clearly women and men hold different views about living abroad in retirement, particularly whether or not they can afford it,” says Patricia Lovett-Reid, TD Waterhouse’s senior vice-president. “This can be a big problem when couples are planning their retirement together.”

(10/06/08)