Industry News

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Industry

Legal pitfalls of charity pledges

You don’t usually hear about the unenforceability of pledges. This is because the vast majority of pledges to charity are honoured. They are simply paid by the donor without dispute. But promises to donate to charity are not enforceable. A promise to make a gift speaks to a future event. The gift is incomplete until […]

By Daniel Dochylo |February 11, 2011

5 min read

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Industry

Tough questions surround philanthropy

Margaret Franklin is president and CEO of Kinsale Private Wealth and chair of the global Board of Governors of the CFA Institute. Anne Brayley, vice president of professional advisory services at the Toronto Community Foundation, spoke with her about how she discusses philanthropy with her clients.

By Anne Brayley |February 11, 2011

3 min read

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Industry

Regulators struggle with MGA model

The Canadian Council of Insurance Regulators has released an “issues paper” on the managing general agencies model of insurance distribution, and is calling on the industry for input into how the market should be regulated. In some ways, the release of the paper is an admission that regulators still don’t have much of a grasp […]

By Steven Lamb |February 11, 2011

3 min read

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Industry

IIROC announces penalty for Dale Richard Wells

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a $10,000 fine on Dale Richard Wells. The panel has also ordered Mr. Wells to pay $13,000 in costs. The panel’s penalty decision follows its earlier decision dated October 27, 2010, which found that Mr. Wells violated IIROC rules by engaging […]

By Staff |February 11, 2011

1 min read