Briefly:

(October 20, 2008) The Pan-Canadian Investors Committee for Third-Party Structured ABCP has announced that the proposed restructuring of the ABCP market in Canada will not be completed before the end of October, as previously expected.

“The committee, its advisors and I are committed, as we have been throughout, to implement the restructuring at the earliest possible date,” said Purdy Crawford, chairman of the committee. “We continue to work with the plan participants and major stakeholders to finalize the documentation and move forward with the closing process, and we expect that the restructuring plan will be completed by the end of November.”

The committee said the plan was moving forward but at a slower than anticipated pace because of the large number of participants and the complexity of documentation.

Life’s Next Steps names new CEO

(October 20, 2008) Retirement lifestyle consulting firm Life’s Next Steps has named Chris Armstrong as its new chief executive officer.

Armstrong has an extensive background in marketing, strategy development and general management. He most recently worked as an executive vice-president for TD Ameritrade in New Jersey. Prior to that, he was vice-chair of sales and marketing for TD Waterhouse in New York. He has also served as executive vice-president and chief marketing officer for TD Bank Financial Group in Toronto.

Based in Toronto and Naples, Florida, Life’s Next Steps focuses on helping baby boomers to transition smoothly to retirement.

(10/20/08)

Staff

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