Industry

Young people still an underserved market

If it’s true that the earlier you save the more you’ll save, then investors in the 18–24 demographic have the most to gain by investing now. Unfortunately, a recent study finds this group is not only elusive, with few seeking out financial advice, but also their needs and spending habits are markedly different from those […]

By Mark Noble |February 1, 2007

4 min read

Great-West to buy Putnam

After months of speculation, Great-West Lifeco has come out on top of a long list of suitors to purchase the recovering Boston-based Putnam Investments Trust for $3.9 billion US. Great-West Lifeco is a subsidiary of Power Financial Corp., which also controls London Life, Canada Life, Investors Group and Mackenzie Financial. The deal allows Power Financial […]

By Mark Brown |February 1, 2007

3 min read

Briefly:

(January 31, 2007) Arrow Hedge Partners has announced the launch of Arrow Canadian Income Fund. The fund will invest primarily in Canadian income trusts and dividend-paying common shares, with a focus on North American securities. The fund’s investment objective is to achieve a high level of income and potential capital gains in order to generate […]

By Staff |January 31, 2007

5 min read

Ex-insurance exec to head Seneca training program

Seneca College’s financial services practitioner program is being seen as one of the best hopes for replenishing an aging workforce in financial services. While stakeholders remain committed, Seneca has found filling the classroom challenging. Supporters of the program hope this problem will be remedied by the appointment of Transamerica Canada’s former COO, Karen Gavan, as […]

By Mark Noble |January 31, 2007

2 min read