Industry News

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Industry

Briefly: “MFDA bans advisor over false account info” and more news

A disciplinary hearing in the matter of Piotr (Peter) Lipski was held yesterday in Vancouver, British Columbia, before a three-person hearing panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada (MFDA). An agreed statement of facts was filed prior to the hearing in which the respondent admitted to the allegations […]

By Staff |October 14, 2010

3 min read

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Industry

Commission or fee? How about ad-driven?

The ongoing fee-versus-commission debate is about to get yanked in a whole new direction: no fee, no commission. How’s that for unbiased financial advice that keeps client interest front and centre and costs at bay? At least that’s the promise being dangled by Optimize.ca, a website that makes the bold claim of being “Canada’s first […]

By Vikram Barhat |October 13, 2010

4 min read

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Industry

European SRI assets hit five trillion euros

A study out of Europe has found that assets held in socially responsible investment mandates have soared to €5 trillion, a “spectacular” 87% increase from €2.7 trillion euros in 2008. Eurosif’s 2010 study of European SRI assets breaks down responsible investment assets under management (AUM) to “core SRI” and “broad SRI.” Core SRI, consisting of […]

By Doug Watt |October 13, 2010

3 min read

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Industry

Sun Life unveils first mutual funds

Sun Life Financial today launches its new investment company Sun Life Global Investments (Canada) Inc. which will roll out a new line-up of funds that harnesses world-class investment and product capabilities. The company starts accepting client investments on October 25, and will offer a suite of 12 funds, including seven funds sub-advised by MFS Investment […]

By Vikram Barhat |October 13, 2010

2 min read