Industry

Decorative pattern

Pooled funds hit hard in Q4 2008

Even the best investors got whacked by the markets in the final quarter of 2008. Over 80% of Canadian institutional pooled funds tracked by Morningstar Research posted negative returns in Q4. Of the 572 equity funds in the Morningstar universe, only six had positive returns over the last three months of 2008. There are 23 […]

By Steven Lamb |January 23, 2009

2 min read

Decorative pattern

Briefly: “Record losses for Canadian pension plans” and more of Friday’s news

In addition to the myriad crises witnessed over the past 13 months, 2008 now has the dubious distinction of being the worst year on record for Canadian pension plans, as assets dropped 7% in the fourth quarter alone, according to RBC Dexia Investor Services. The Q4 fall added the finishing touch to a 15.9% decline […]

By Staff |January 23, 2009

3 min read

Decorative pattern

Week in review: January 19-23, 2009

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |January 23, 2009

8 min read

Decorative pattern

Briefly: “Russell names new CEO” and more of Thursday’s news

Russell Investments has named Andrew S. Doman as the company’s new chief executive officer, effective February 2, 2009. Doman succeeds John Schlifske, who was named president and CEO in June 2008. Schlifske will continue in the role of president until the transition is complete, and then return to Russell’s parent company, Northwestern Mutual. Most recently, […]

By Staff |January 22, 2009

2 min read

Decorative pattern

ABCP saga draws to orderly close

The Pan-Canadian Investors Committee for Third-Party Structured Asset-Backed Commercial Paper has announced the full implementation of its restructuring plan, which should thaw about $32 billion in frozen third-party ABCP. “We are delighted to announce the successful completion after nearly a year-and-a-half of arduous negotiations, legal challenges and compromise during ever-changing credit market conditions,” said Purdy […]

By Steven Lamb |January 21, 2009

2 min read

Decorative pattern

Briefly: “U.K. reforms seen shrinking industry” and more of Wednesday’s news

Canadian advisors are not the only ones facing regulatory reform. In the U.K., the Financial Services Authority (FSA) launched the Retail Distribution Review (RDR) back in 2006. Now those in the industry are worried that policies that come out of this process will reduce the number of independent financial advisors. Among the recommendations that came […]

By Staff |January 21, 2009

3 min read

Decorative pattern

Briefly: “Keep regulation fair: Advocis” and more of Tuesday’s news

While most Canadians await the federal budget to be tabled in Ottawa January 27, Advocis has drawn attention to the impending Ontario budget, calling for any regulation of the financial services industry to be “smart.” “We are not asking for a handout or a subsidy,” said Advocis president and CEO Greg Pollock. “Our members simply […]

By Staff |January 20, 2009

3 min read

Decorative pattern

Briefly:

Troubled U.S. insurance giant American International Group has found a buyer for its commodity index operations, part of its AIG Financial Products subsidiary. UBS Investment Bank has bought the business, including AIG’s rights to the DJ-AIG Commodity Index. The Swiss bank will pay $15 million up front and up to $135 million more over the […]

By Staff |January 19, 2009

3 min read

Decorative pattern

Week in review: January 12-16, 2009

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |January 16, 2009

8 min read

Decorative pattern

Briefly:

Canadians say they are aware of the economic problems and are taking steps to protect themselves from personal fiscal disaster, but their actions appear to fall short of their claims, according to a survey by BMO Financial Group. The BMO Savings Monitor survey found that nearly two-thirds of Canadians say they will cut back on […]

By Staff |January 16, 2009

4 min read

← Previous 1 … 1,751 1,752 1,753 1,754 1,755 … 2,143 Next →