Industry News

Decorative pattern

Seniors prefer the personal touch, study suggests

A new generational study of financial consumers reveals that seniors are more likely to rely on advisors, despite anecdotal evidence that many retirees prefer the do-it-yourself approach. The Forrester survey found that 35% of seniors are “delegators” — leaving all their financial decisions to a professional. That compares to 31% of boomers who described themselves […]

By Doug Watt |May 12, 2006

2 min read

Decorative pattern

Briefly:

(May 11, 2006) Morningstar Canada has announced that for the first time, it has issued ratings on mutual funds in the income trust fund category. The newly issued ratings are based on April’s performance. The inclusion of income trust mandates has added to the number of five star funds offered by a number of manufacturers, […]

By Staff |May 11, 2006

2 min read

Decorative pattern

Labour funds poised for comeback?

Labour-sponsored funds are certainly not the most attractive investments these days, with languishing returns and the removal of their preferential tax treatment in Ontario, but industry watchers say there are better days ahead for the asset class. At times in the past, labour funds were the rage among investors for their attractive tax benefits, designed […]

By Kate McCaffery |May 11, 2006

4 min read

Decorative pattern

NexGen aims to build a better mousetrap

A year after ‘retiring’ from Mackenzie Financial. Jim Hunter has returned to the industry. He’s not back for another kick at the same can; he’s back to reshape the ways funds are structured. But will anyone understand what he’s trying to do? Hunter is aiming to design products to alleviate the annual tax burden associated […]

By Mark Brown |May 11, 2006

4 min read

Decorative pattern

Briefly:

(May 10, 2006) The U.S. Federal Open Market Committee raised its key interest rate this afternoon, setting the overnight rate at 5%, up from 4.75%. None of this came as a surprise, really, and traders were more interested in divining future moves from the Fed, based on the language of the announcement. Many were expecting […]

By Staff |May 10, 2006

3 min read

Decorative pattern

Housing starts seen easing through 2007

After four years of strong growth, the Canadian housing market is expected to cool down through 2006, with housing starts slowly declining, according to the latest report from Canada Mortgage and Housing Corporation. “Housing starts this year will be stronger than previously forecast, mainly due to persistent strong demand in Alberta and British Columbia, but […]

By Steven Lamb |May 10, 2006

3 min read

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Briefly:

(May 9, 2006) A warmer than usual winter helped consumers in the form of cheaper home heating costs. But those savings will likely be offset by higher natural gas costs, as the summer heat fuels demand for electricity, and bumps up the cost of natural gas, according to a report from CIBC World Markets. Natural […]

By Staff |May 9, 2006

3 min read

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Insurance prohibitions against banks called

Give banks permission to provide insurance product information in branch. Allow banks to solicit client permission to have tailored insurance product information sent to them. Allow banks to provide referrals to qualified insurance professionals outside of the branch. Allow banks to forward relevant client information to insurance affiliates, with the client’s permission, to make it […]

By Kate McCaffery |May 9, 2006

3 min read

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Clients need hedging, hedging needs diligence

How is compensation handled? Are the costs and fees appropriate? Are they transparent? Are they comparable to similar investments? Are there less risky alternatives already available? Do the returns justify these risks? What are the risks? What are the objectives of the product? Who should it not be offered to? Who is this product intended […]

By Steven Lamb |May 9, 2006

4 min read

Decorative pattern

Deal breaker

(May 2006) When I meet advisors for the first time, I’ll often ask them why they became advisors. The most engaging ones tend to see advising as a calling, helping others achieve a financial well-being (or some variation on that theme). So when the conversation turns to their dealer, advisors fall into one of two […]

By Deanne Gage |May 8, 2006

3 min read

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