Industry News

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IFB goes after Dundee on new insurance regime

Independent Financial Brokers of Canada (IFB) is “outraged” at Dundee Wealth Management, for dealership policy it recently announced that will ban advisors from using external managing general agencies to conduct new insurance business. The new policy, which was announced in September and goes into effect in January, will require Dundee advisors to process all new […]

By Mark Noble |December 4, 2008

3 min read

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Letter from the Editor

Insurance Tax Tax Insurance Continuing Education Special Reports (Of course, we’ll continue to bring you the breaking news, practice and investment articles you’ve come to rely upon.) Expanded coverage Our readers who are compliance officers or work in the distributor channel have asked us for coverage of their areas of expertise. We listened. We now […]

By Deanne Gage |December 4, 2008

3 min read

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Briefly:

(December 3, 2008) Scotiabank has unveiled its plans to finance the acquisition of a 37% stake in CI Financial Income Fund, with the deal expected to close in the week of December 8. Scotiabank is buying nearly 105 million units of CI Financial from Sun Life Financial, paying $1.55 billion in cash, $500 million in […]

By Staff |December 3, 2008

3 min read

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Aging clients boost litigation risk

Let’s face it. Your older clients are some of your best clients — they have all the wealth — but they also present unique challenges that come with old age. Dealing with these aging clients could often entail getting sucked into the affairs of litigious relatives and disputing with families who have an eye on […]

By Kanupriya Vashisht |December 3, 2008

3 min read

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Tough times ahead for insurers

Pressure on insurance companies’ balance sheets, and declining sales in what were key growth businesses, are going to have a nasty impact on U.S. insurers in 2009, a new study from TowerGroup suggests. An early response may be a rollback on the benefits they currently offer to customers. The TowerGroup study outlines “four Rs” — […]

By Mark Noble |December 3, 2008

4 min read

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CIAs hand out the hardware

US Small/Mid Cap Equity Fund: TD US Mid-Cap Growth US Equity Fund: Mawer US Equity Global Equity Fund: Mackenzie Ivy Foreign Equity Natural Resources Equity Fund: CI Signature Canadian Resource Canadian Fixed Income Fund: Beutel Goodman Income Canadian Small/Mid Cap Equity Fund (> 50% Canada): Dynamic Focus + Small Business Canadian Dividend & Income Equity […]

By Steven Lamb |December 3, 2008

2 min read

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Alphabet wise

If you happen to be in Windsor and run into Jeff Pocock, consultant with the Investors Group, beware he might be armed. His shootin’ irons hang from his belt loop but never actually go bang—they’re little cue cards crisscrossed with red, orange and yellow highlighters, and replete with industry acronyms that he jokingly calls his […]

By Kanupriya Vashisht |December 2, 2008

6 min read

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Briefly:

(December 2, 2008) Ted Rogers, founder and CEO of Rogers Communications (which owns Advisor.ca) died last night at his home in Toronto. He was 75. “Ted Rogers was one of a kind who built this company from one FM radio station into Canada’s largest wireless, cable and media company. A leader also in giving to […]

By Staff |December 2, 2008

4 min read

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FPSC raises the bar

New rules for certified financial planner candidates will see the traditional exam split in two. The new exams, to come into effect in July 2010, are part of a general updating of the CFP curriculum by the Financial Planners Standards Council. John Wickett, the FPSC’s senior vice-president for standards and certification, says the move stems […]

By Scot Blythe |December 2, 2008

2 min read

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Bleeding slows in fund performance

Equity mutual funds continued to take a beating in November, as economic fears became more entrenched, according to performance data from Morningstar Canada. But at least the pace of decline seemed to have slowed substantially from the previous two months. November was the third consecutive month in which almost all equity fund categories fell, although […]

By Mark Noble |December 2, 2008

3 min read

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