Industry News

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Ontario gives boost to advisor training

A training program aimed at producing the next generation of financial advisors has received an important shot in the arm. The province of Ontario has officially recognized Seneca College’s Financial Services Practitioner program under the Ministry of Colleges, Training and Universities. While the industry itself ages, there are fewer young advisors coming into the market, […]

By Steven Lamb |June 4, 2008

3 min read

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On The Shelf:

(June 3, 2008) CI Investments Inc. has teamed up with the Bank of Nova Scotia to launch a new principal protected note that offers double exposure to a portfolio of equity and income securities. The return on Bank of Nova Scotia — CI 2X Deposit Notes, Series 1, will be linked to the performance of […]

By Staff |June 3, 2008

1 min read

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(June 3, 2008) SSQ General Insurance Company has shuffled its executive suite, naming a new chief executive officer and three new senior vice-presidents. Gilles Mourette has been named CEO, having served as senior vice-president of information technology at SSQ, Life Insurance Company since 1999. He succeeds Marie-Josée Blanchette, who has been CEO since 1998. “We […]

By Staff |June 3, 2008

2 min read

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Resource spike drives strong returns: Morningstar

Skyrocketing energy prices helped the Morningstar Natural Resources Equity Index gain 8.5% last month. Crude oil, which peaked at a record $135 U.S. a barrel in May, finished the month at $127.35, up 12.2% from the end of April. Natural gas prices also rose, gaining 7.9 %. “Energy was the story for the month of […]

By Mark Noble |June 3, 2008

2 min read

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Pension system requires government intervention: Lamoureux

Defined benefit (DB) pension plans will soon be a thing of the past for the majority of Canadians, and a national summit is needed to reform the country’s retirement savings system, according to the retired president and chief executive officer of the Ontario Teachers’ Pension Plan. In his first speech as special advisor to the […]

By Jody White |June 3, 2008

3 min read

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On The Shelf: Scotia portfolios increase equity exposure and more of Monday’s product news

(June 2, 2008) Scotia Securities has revamped its Scotia Partners Portfolios, with a slightly larger allocation to equities and global markets. The portfolios will also introduce specialized asset classes and also hold more funds. “It is important that we continually revisit and reassess our investment offerings and look for ways to improve them,” said Glen […]

By Staff |June 2, 2008

2 min read

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(June 2, 2008) Russell Investments Canada has appointed Sadiq S. Adatia as its new chief investment officer, replacing Timothy Hicks, who will now lead Russell’s North American Equities team. “Sadiq’s regular collaborations with Tim Hicks and Russell’s asset class directors across the globe will help us provide investors with an even wider breadth of capital […]

By Staff |June 2, 2008

2 min read

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Payout vehicle brings PowerShares to Canada

The company announced the launch of the Invesco Trimark Retirement Payout Portfolios on Monday. It’s a non-guaranteed retirement income product — similar to those launched recently by Fidelity and BMO — that combines Trimark, AIM and Invesco mutual funds with PowerShares ETFs. Investors can choose from four portfolio horizon dates (maturing in 2023, 2028, 2033 […]

By Mark Noble |June 2, 2008

4 min read

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(May 30, 2008) Henri-Paul Rousseau, president and CEO of Caisse de dépôt et placement du Québec, announced Friday that he was leaving the organization. Rousseau, who has been with the Caisse since September 1, 2002, will join both Power Corporation and Power Financial on January 1, 2009. According to a release by Power, Rousseau will […]

By Staff |May 30, 2008

3 min read

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Underwriting tip: leave no blanks

Related stories How to get your policies approved faster Premium Advice: Help your client avoid an insurance denial Think like an underwriter The feedback seemed to have the desired effect — by the final six weeks, returned applications dropped to zero. Not only did the carrier and the MGA benefit from the reduced workload, but […]

By Steven Lamb |May 30, 2008

4 min read

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