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(June 16, 2004) Financial planners worried about the revolution in financial services can rest assured their interests will be safeguarded by the Canadian Institute of Financial Planners (CIFPs), according to managing director Keith Costello. Speaking to the CIFPs annual general meeting in Ottawa on Tuesday, Costello said the CIFPs’ goal remains to become the primary […]
By Steven Lamb |June 16, 2004
2 min read
(June 15, 2004) Advice and managed money are on the ascendancy in the financial services industry and, according to research guru Earl Bederman, this trend isn’t likely to change soon. Bederman is president of Investor Economics, a Toronto-based firm that gathers market intelligence in the financial services industry. He presented an overview of the wealth […]
By Donna Green |June 15, 2004
3 min read
(June 15, 2004) Corporate governance does have some impact on company’s performance in Canada, says a study by three Simon Fraser University researchers. Their study is the winner of the fourth annual Barclay’s Global Investors research award, announced today. “Corporate Governance, Family Ownership and Firm Value: Canadian Evidence,” written by Peter Klein, Daniel Shapiro and […]
By Scot Blythe |June 15, 2004
(June 15, 2004) Despite strong support from the financial services industry, the push for a single national securities regulator appears to be losing steam. Three of the country’s top regulators gathered yesterday at the annual IDA conference in Mont Tremblant, Quebec, for a discussion on regulatory priorities. Tellingly, the issue of a national regulator was […]
By Doug Watt |June 15, 2004
(June 14, 2004) Billionaire and editor-in-chief of Forbes magazine Steve Forbes warns that governments and regulators in the post-Enron environment must be cautious not to stifle entrepreneurial and investment risk-taking. During his luncheon address to the 88th annual IDA conference in Mont Tremblant, Quebec, Forbes expressed his concerns that in the effort to right the […]
By Darin Diehl |June 15, 2004
(June 15, 2004) Advisors targeting high net worth (HNW) clientele need to return to their roots as relationship-builders to win the clients they seek, according to Pierre McLean, vice-president of national sales with Franklin Templeton Investments. “Many of you now find yourself managing assets perhaps at the expense of what made you successful in the […]
By Steven Lamb |June 15, 2004
(June 14, 2004) IDA president and CEO Joe Oliver says the financial services industry and the public it serves might well be better off with a single self-regulatory organization combining the regulatory powers of the IDA, the MFDA, the TSX and the Montreal Bourse. “We could create a single organization that would be functional for […]
By Darin Diehl |June 14, 2004
(June 14, 2004) The Bank of Canada is warning that most of Canada’s corporate defined benefit (DB) pension plans are still facing a deficit, despite the positive returns made on the stock market in 2003. In its Financial System Review released late last week, the central bank says the majority of DB pensions were in […]
By Steven Lamb |June 14, 2004
(June 14, 2004) U.S. regulators are going too far in their response to a series of mutual fund scandals, proposing new rules that are both overly prescriptive and costly, says a senior fund industry executive. Robert Pozen, appointed chair of Boston-based MFS Investment Management earlier this year, spoke Monday morning at the IDA’s annual conference […]
By Doug Watt |June 14, 2004
(June 11, 2004) The former vice-chair of Fidelity Investments and the editor-in-chief of Forbes magazine are among the keynote speakers at next week’s IDA conference, scheduled for next week in Mont Tremblant, Quebec. Bob Pozen, who recently retired from Fidelity, will discuss the current crisis in the U.S. mutual fund industry, while Steve Forbes will […]
By Doug Watt |June 11, 2004
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