Industry News

Decorative pattern

Clarity is key to investment policy statements

To most clients, investment policy statements (IPS) might mean just another set of legalese they need to put their signature on, but to portfolio managers these are critical documents that could make or mar their careers if a disgruntled client took them to court. “People only look at contracts at two times: once at the […]

By Kanupriya Vashisht |February 11, 2009

4 min read

Decorative pattern

Briefly: “IA’s Charest honoured in Quebec” and more of Wednesday’s news

The president and CEO of Industrial Alliance, Yvon Charest, has been named the 2008 Quebec Financial Person of the Year by the Finance et Investissement newspaper. It is the second time he has received this honour, with the first time coming in 2004. Charest guided the company through several acquisitions last year, shoring up its […]

By Staff |February 11, 2009

5 min read

Decorative pattern

Jobless clients need your help

With 213,000 Canadian jobs lost since October, many advisors have at least one client who’s been given the pink slip. Dealing with the laid-off investor requires more than just a few encouraging words and a quick look at the finances, though — a client loses a job, the advisor becomes part therapist, part financial planning […]

By Bryan Borzykowski |February 10, 2009

6 min read

Decorative pattern

Briefly: “Online tool helps calculate RRSP recovery” and more of Tuesday’s news

The Investor Education Fund has launched an online tool designed to help investors get their retirement goals back on track this RRSP season in light of the market downturn. Available at investorED.ca, the “Getting Back on Track Calculator” shows people how to adjust their investing goals so they can recover from a loss and better […]

By Staff |February 10, 2009

3 min read

Decorative pattern

Dealing with dropping home equity

In less than a year, the world of homeowner lending has been turned upside down and, going forward, it’s going to be much harder for clients to obtain new lending arrangements. Adding to this problem is that a key piece of collateral many Canadians use — home equity — is declining in value. "If you’re […]

By Mark Noble |February 10, 2009

4 min read

Decorative pattern

RDSP choices remain limited, despite new entries

In less than a month the deadline for receiving any government contributions on the new registered disabled savings plan (RDSP) will expire for the 2008 tax year. Yet, only two financial institutions are offering RDSPs. RBC announced Monday it will be offering RDSPs as of February 16, 2009. This will allow interested families to take […]

By Mark Noble |February 9, 2009

4 min read

Decorative pattern

Briefly: “Scotia debuts new insurance brand” and more of Monday’s news

Scotiabank has launched a new insurance brand, ScotiaLife Financial, offering comprehensive creditor, travel and life and health coverage. “We are excited about the opportunities within the Canadian insurance industry,” said Mark Cummings, senior vice-president and head, insurance Canada, Scotiabank. “We see great potential and we are working to provide comprehensive insurance solutions Canadians want and […]

By Staff |February 9, 2009

4 min read

Decorative pattern

Industry feels impact of job losses

It’s no secret Canada’s in a recession, but just how bad it is came to light on Friday, as Statistics Canada reported that January was the worst month on record for job losses. The impact was felt in Canada’s mutual fund industry, as at least two more firms shed jobs this week. The Canadian economy […]

By Mark Noble |February 6, 2009

4 min read

Decorative pattern

Preventing structured product crises

The securitization market at the heart of the subprime fiasco may be dormant now, but it will reawaken, says one industry expert, and reforms are needed to tame the risks it exposed. Loan standards in the U.S. were relaxed starting around the year 2000, with increasing recourse to subprime mortgages. Before then, subprime mortgages had […]

By Scot Blythe |February 6, 2009

4 min read

Decorative pattern

Executive pay draws scrutiny

Canada’s big banks will be under the microscope at their upcoming annual meetings, once again facing shareholder proposals on executive compensation. Meritas Mutual Funds, with assistance from SHARE (Shareholder Association for Research and Education), has filed shareholder resolutions at all five of Canada’s big banks asking for shareholders to be able to provide to the […]

By Doug Watt |February 6, 2009

2 min read

← Previous 1 … 1,791 1,792 1,793 1,794 1,795 … 2,188 Next →