Industry

Decorative pattern

Briefly:

Russell Investments Canada has announced the termination of three of its LifePoints target date portfolios, citing relatively low numbers of unitholders and assets. Effective immediately, units of the LifePoints 2010, 2020 and 2030 portfolios will no longer be available. The portfolios will be terminated on or about Nov. 2, 2009. Prior to termination, unitholders will […]

By Staff |June 17, 2009

3 min read

Decorative pattern

Team approach breeds sales success

If you’re an advisor heavily involved in insurance sales, you may be well served to bring on a partner advisor to increase both of your sales, a study by LIMRA suggests. According to a study of top insurance producers conducted jointly by LIMRA and McKinsey and Company, advisory practices composed of multiple members have much […]

By Mark Noble |June 17, 2009

4 min read

Decorative pattern

Family cottage could pose tax liability

Grandma’s Cottage — the perfect summer retreat for your client’s kids and grandkids — could end up becoming a liability when they eventually inherit it. Jamie Golombek, managing director, tax and estate planning, with CIBC, says advisors should advise their clients to seek independent legal and tax advice to ensure that their clients’ most important […]

By Kanupriya Vashisht |June 17, 2009

2 min read

Decorative pattern

Canadians need lesson on sustainability

A new survey suggests that most Canadians strongly support the concept of sustainability, even though they don’t always know what it means. The Hoggan & Associates 2009 study on Canadians’ attitudes toward sustainability was released at the Canadian Responsible Investment Conference in Winnipeg. Hoggan & Associates vice-president Nancy McHarg, who presented the study’s initial findings, […]

By Doug Watt |June 16, 2009

3 min read

Decorative pattern

Addressing oil sands risks

Alberta’s oil sands are a controversial topic for Canada’s socially responsible investing (SRI) community. The 140,000-square-kilometre region has become a front-line issue for investors concerned about climate change. Yet, Canadian SRI mutual funds can’t afford to ignore energy companies working in the sector, since energy makes up approximately 30% of the TSX. “It’s difficult to […]

By Doug Watt |June 16, 2009

2 min read

Decorative pattern

SRI tipping points: An advisor road map

In 2007, it seemed socially responsible investing (SRI) had finally reached its “tipping point” in Canada: institutional investors were on board following the UN’s Principles of Responsible Investment, and on the retail side, the big banks were launching their first-ever SRI funds. But, thanks to the credit crisis, the euphoria was short-lived, and today, SRI […]

By Doug Watt |June 16, 2009

2 min read

Decorative pattern

Briefly:

Desjardins Group is building an even stronger presence in socially responsible investing (SRI). Desjardins Private Management clients can now invest via segregated accounts managed according to an activist investment principle, which emphasizes dialogue with companies. The offering is in partnership with Northwest & Ethical Investments L.P., Canada’s leader in SRI and a 50%-owned subsidiary of […]

By Staff |June 16, 2009

3 min read

Decorative pattern

The trek to break even

Most likely, clients are as concerned about making gads of money as they are about recovering their losses. Advisors have to manage their clients’ expectations of when they will break even. A new survey suggests about one-third of Canadians expect to break even in less than three years, and more than one-third expect it will […]

By Mark Noble |June 16, 2009

4 min read

Decorative pattern

Briefly:

Sun Life Financial has agreed to buy Lincoln National’s U.K. insurance unit for approximately £195 million (C$359 million), a move that will boost the Canadian insurer’s U.K. assets under management by 60%. The deal is expected to close in the third quarter and will double Sun Life’s U.K. policies to 1.1 million. “Sun Life is […]

By Staff |June 15, 2009

3 min read

Decorative pattern

Mutual funds regain luster: IFIC

Mutual fund sales in May came in at the high end of the Investment Funds Institute of Canada’s preliminary estimate of between $497 million and $997 million, with actual net sales totaling $939.2 million. Among the companies that report sales data to IFIC, the industry saw $1.93 billion in long-term fund sales, which were partially […]

By Kanupriya Vashisht |June 15, 2009

3 min read

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