Industry News

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Pre-retirees too risk averse

As Canadians approach retirement, they are generally expected to ratchet down the risk level of their portfolios. But a recent survey suggests that the market crash of 2008-2009 has scared many pre-retirees into positions that are far too conservative. According to a survey by Ipsos Reid, Canadians over the age of 50 are holding 25% […]

By Steven Lamb |February 16, 2010

1 min read

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Sprott Asset Management has named Scott Colbourne as senior portfolio manager, overseeing the fixed income component of Sprott mutual funds, hedge funds and discretionary accounts. “We are very pleased to add a portfolio manager of Scott’s calibre to our investment team,” said James Fox, president of Sprott. “Scott is extremely well respected in the industry […]

By Staff |February 16, 2010

3 min read

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Fund sales rise, total assets fall

Mutual fund sales came in on the high side of preliminary estimates, with overall net sales totaling $693.5 million in January. Now for the bad news: total industry assets sank $10.6 billion or 1.8% from December, to $584.6 billion, due to market affect. Long-term funds accounted for $532.5 billion of that total, down $8.3 billion […]

By Steven Lamb |February 16, 2010

2 min read

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ISO offers new approach to counterparty risk

There’s a new standard for risk management in Canada, as the Canadian Standards Association (CSA Standards) has adopted ISO 31000 Risk Management — Principles and Guidelines. The new ISO standard provides principles, framework and process for managing risk in a transparent, systematic and credible manner. It is the first global standard for risk management. Given […]

By Steven Lamb |February 12, 2010

2 min read

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Laurentian Bank doesn’t want investors to forget that when it comes to buying a home, RRSPs and the Home Buyer’s Plan go hand in hand. “The Home Buyer’s Plan was designed specifically for people who wish to use funds in their RRSP to facilitate the purchase of a residence when making an initial down payment,” […]

By Staff |February 12, 2010

2 min read

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Canadian retirees breathe easier

The fallout from the global financial crisis has seeped into the retirement experiences of North Americans and reflects the disparate regulatory regime and savings cultures of Canada and the U.S., according to a study. TD Bank Financial Group’s North American Report on Retirement survey of 1,002 retired Canadians and 1,009 retired Americans finds that Canadian […]

By Jody White |February 11, 2010

3 min read

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Russell Investments has released new research in an attempt to broaden the active versus passive investing debate, outlining five key factors investors should consider when deciding which approach to take. “We take issue with the conduct of the active versus passive debate, which has made the mistake of framing the issue exclusively in terms of […]

By Staff |February 11, 2010

3 min read

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IFB voices compensation concerns

Now that conversations have opened up about notice periods for advisors facing MFDA hearings, an industry association remains concerned about the inability of brokers to collect compensation for costs incurred to defend claims. Susan Allemang, the IFB’s manager of regulatory affairs, told Advisor.ca she’s worried that current self-regulatory organization bylaws still don’t entitle an advisor […]

By John Powell |February 10, 2010

1 min read

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MFDA defends ‘no notice’ hearings

Changes to a Mutual Fund Dealers Association of Canada (MFDA) bylaw are not sitting well with the Independent Financial Brokers (IFB) and some advisors. Under the amendments, the MFDA can hold an enforcement regulatory hearing without notifying the advisor in question. According to the amendments to the ‘Applications in Exceptional Circumstances’ section of By-Law No. […]

By John Powell |February 10, 2010

3 min read

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B2B Trust is ramping up efforts to support advisors in the run up to the March 1 deadline for RRSP contributions. The lender is offering 1- and 2-year RRSP loans, both at a rate of 2.75%. “Many advisors I’ve spoken with are convinced that RRSP investing is an important component in their clients’ overall financial […]

By Staff |February 10, 2010

2 min read

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