Industry News

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(November 21, 2008) Finance Minister Jim Flaherty has asked all federally regulated financial institutions to help spread the word that seniors are not required to sell assets held within their registered retirement income funds. “Many seniors are understandably concerned about the impact of the recent deterioration in market conditions on their financial security and I […]

By Staff |November 21, 2008

3 min read

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Industry

DAC: Communication key to couples planning

For some financial planners, their client’s gender doesn’t have an impact on how they work. But one advisor argues that sex does matter. Erika Penner, a Richmond B.C.-based CFP, says men and women don’t have the same ideas when it comes to financial planning. “People often think that men and women are the same in […]

By Bryan Borzykowski |November 21, 2008

4 min read

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Industry

Inefficient technology could derail TFSA business

The tax-free savings account (TFSA) is arguably the most important value-added service to come along for advisors in years. Like all value-added services, it needs to be offered efficiently, and not all dealers may be up to the task. Capped at a $5,000 annual contribution limit, the TFSA is not going to pad an advisor’s […]

By Mark Noble |November 21, 2008

4 min read

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Industry

Downturn has more Canadians reconsidering retirement

The retirement dreams of more Canadians are inching further away from the blue ocean of Caribbean winters and looking more like the blue smock donned by Wal-Mart employees, a survey by Desjardins Financial Security suggests. More than 3,500 Canadians took part in two surveys, one that was held in the summer, and the other in […]

By Mark Noble |November 20, 2008

4 min read