Industry News

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Industry

Female clients willing to spend less to fight hard times

Women are more receptive to cutting back on spending than men and are more willing to work with an advisor to manage the current financial crisis, a report from Desjardins Financial Security suggests. An autumn survey of more than 1,150 Canadians found that more than 50% of women were expecting to postpone their retirement by […]

By Mark Noble |January 26, 2009

3 min read

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Industry

Briefly: “Survey set to explore fee model” and more of Monday’s news

Canadian financial advisors are being invited to participate in the 2009 Fee Advisor Survey, which aims to provide a clearer picture of the fee-based business model and its place in the Canadian advice industry. Conducted by To Fee or Not to Fee, the survey is open to all advisors, regardless of their level of fee […]

By Staff |January 26, 2009

4 min read

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Industry

Pooled funds hit hard in Q4 2008

Even the best investors got whacked by the markets in the final quarter of 2008. Over 80% of Canadian institutional pooled funds tracked by Morningstar Research posted negative returns in Q4. Of the 572 equity funds in the Morningstar universe, only six had positive returns over the last three months of 2008. There are 23 […]

By Steven Lamb |January 23, 2009

2 min read

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Industry

Briefly: “Record losses for Canadian pension plans” and more of Friday’s news

In addition to the myriad crises witnessed over the past 13 months, 2008 now has the dubious distinction of being the worst year on record for Canadian pension plans, as assets dropped 7% in the fourth quarter alone, according to RBC Dexia Investor Services. The Q4 fall added the finishing touch to a 15.9% decline […]

By Staff |January 23, 2009

3 min read