Industry

Briefly:

Following the merger of LOMA and LIMRA, the resulting entity has announced the LOMA/LIMRA Canada Annual Conference, slated for June 9, 2009 at the Metro Toronto Convention Centre. Known as the most comprehensive event for life and health insurance professionals in Canada, this year’s conference will be the first time that LIMRA and LOMA are […]

By Staff |May 15, 2009

2 min read

Desjardins issues restructuring details

Previously, Desjardins Financial Security, Desjardins Securities and other subsidiaries of Desjardins Group reported directly to president and CEO, Monique F. Leroux. Before the restructuring, Desjardins Group also had four business units: Individuals and companies; insurance and securities; asset management; venture capital and others. A dozen appointments As part of the reorganization, Leroux announced a dozen […]

By Claude Couillard |May 15, 2009

2 min read

Long-term funds bullish in April

Long-term funds packed a punch in April. Assets rose to $443.2 billion from $422.5 billion at the end of March, according to preliminary sales data from the Investment Funds Institute of Canada (IFIC). The bullish sentiment, however, was once again more due to market affect, than new inflows. Of the $20.7 billion month-over-month increase in […]

By Kanupriya Vashisht |May 15, 2009

2 min read

Fund fees lower than they appear

A Morningstar report released on Tuesday suggested that Canadian mutual fund investors were content being nickel-and-dimed by fees, and gave the industry a failing grade on expenses. The report concluded that Canadian mutual fund investors were paying exorbitant fees, largely because they were being driven by their advisors into funds that pay better trailing commissions. […]

By Steven Lamb |May 15, 2009

3 min read