Industry News

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Ethics have gone down a rat hole: Grantham

When a volcanic ash cloud prevents a distinguished speaker from flying in from Europe to address your conference, it’s always good to have a backup. Better still if that backup is Jeremy Grantham, chief investment strategist and founder of GMO LLC, and author of an enormously popular quarterly newsletter. “I think the financial industry has […]

By Steven Lamb |May 18, 2010

4 min read

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Insurance CEO: Cdns need to ‘learn, budget, save’

He asked government to do more to educate and motivate Canadians to think about retirement planning. “May be governments should even consider a scare campaign to get Canadians’ attention. It’s that serious,” he said. Iannicelli offered strong views on pension programmes. “(Private sector) could do (pension planning) that is more efficient (than government-run plans), because […]

By Vikram Barhat |May 18, 2010

3 min read

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Briefly:

Quebec-based Industrial Alliance says is not backing the proposed national securities commission and wants better enforcement of prosecuting white collar crimes. Canada’s fourth-largest life insurer says the federal government has an important role to play in strengthening criminal proceedings and becoming more involved in investigations. The insurer is a supporter of further harmonization of regulations. […]

By Staff |May 18, 2010

2 min read

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Canadian scores CFA chair

For many Canadians the ‘A’ in CFA might as well stand for ‘Eh’ as Margaret Franklin has been elected chair of the Board of Governors of the CFA Institute. The Toronto-based Franklin, president & CEO of Kinsale Private Wealth, starts her one-year term on September 1, 2010. “Being a Canadian gives a wonderful perspective; you’re […]

By Staff |May 18, 2010

2 min read

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Ethics debate opens CFA conference

Early attendance paid off for those at the CFA Institute’s Annual Conference, as the opening session on Sunday night included insights from A to Z, literally, as Dan Ariely and Jason Zweig shared the stage in Boston. Ariely, author of Predictably Irrational and the James B. Duke Professor of Behavioral Economics at Duke University shared […]

By Steven Lamb |May 17, 2010

4 min read

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Regulators analyze 5/6 collapse

The comprehensive analysis of the events will also examine a number of electronic trading issues, such as the need to standardize parameters used by Canadian stock exchanges and Alternative Trading Systems (ATSs). Some marketplaces use “freeze parameters” on their trading engines that allow them to freeze trading in specific securities where a significant price fluctuation […]

By Vikram Barhat |May 17, 2010

2 min read

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Defining fiduciary duty

A recent meeting of industry minds at York University explored the idea of imposing a fiduciary duty upon financial advisors. Noting many other professions, including doctors and lawyers, require that standard, the gathering was meant to get the attention of regulators and lead to creation of commensurate rules. According to one advisor in attendance, the […]

By Philip Porado |May 17, 2010

3 min read

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RBC Dexia Investor Services received top scores across multiple categories in the Global Investor 2010 Global Custody Survey, based on feedback from institutional investors on the quality of service they receive from their global custodians. The firm grabbed the top spot in seven categories of the survey, which polled more than 1,000 global custody clients, […]

By Staff |May 14, 2010

1 min read

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Making the Switch to IIROC

When Matthew Paradis wanted to expand his business last year, there was only one option he and his partner considered – join an IIROC dealer and leave their MFDA days behind. The Orleans, Ont.-based advisor, who’s been working with mutual funds for six years, said the decision to switch self-regulatory organizations was an easy one. […]

By Bryan Borzykowski |May 14, 2010

8 min read

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Creating a circle of trust

Testamentary trusts can be a useful tool in creating an estate plan, and ensuring that spouses who remarry, children from previous marriages and disabled children are all looked after. They are established through a will and become effective upon death. A trust requires three people: The settlor is the creator of the trust, who transfers […]

By Akua Carmichael |May 14, 2010

5 min read

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