Industry News

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Fund sales fall flat in October

(November 15, 2004) Canadians sold off mutual funds in October, with net redemptions of $52 million, according to the latest monthly data from IFIC. That marks an improvement of more than $500 million in redemptions in September. “This is really just a continuation of a trend away from money market funds, which are not perceived […]

By Steven Lamb |November 15, 2004

3 min read

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China shifting to consumer economy

(November 12, 2004) By now, the only way to have avoided hearing “China is an excellent growth investment” is to have been living in the proverbial cave. Investment in China has been trumpeted so many times over the past few years that you might assume that it’s too late to even start, thinking that you’re […]

By Steven Lamb |November 12, 2004

4 min read

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P&C industry agrees to full compensation disclosure

(November 12, 2004) Canada’s property and casualty (P&C) insurance industry has agreed to provide full disclosure of how brokers are compensated, beginning in the new year. But it’s too early to say if the life and health side will take similar steps, according to an industry spokesperson. The Insurance Bureau of Canada (IBC) announced today […]

By Doug Watt |November 12, 2004

2 min read

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Advisor’s Edge offers refresher for tax time

(November 11, 2004) It’s that time of year again! As the temperature drops and parts of the country get their first snowfall, it’s hard to ignore the season that is fast approaching — yep, tax time will be here before you know it! So now is the time to get your clients into the office […]

By Steven Lamb |November 11, 2004

2 min read

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Fidelity appoints new senior marketing executive

(November 11, 2004) Following in the footsteps of AIC and AGF, Fidelity Investments has hired a new senior marketing executive. Mark Wettlaufer, former president of TD Asset Management, started at Fidelity at the beginning of November as executive vice-president of products and marketing. The Toronto-based fund company is also expanding its wholesale force, a project […]

By Doug Watt |November 11, 2004

2 min read

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Pension plan sponsors facing advice conundrum

(November 10, 2004) Canadian companies offering defined contribution (DC) pension plans agree that offering financial advice to employees is important, but are unsure how to proceed, a new survey suggests. Simply communicating the need for advice and encouraging employees to seek out that advice independently could be the answer. The survey was conducted for Sun […]

By Doug Watt |November 10, 2004

3 min read

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Monsanto will weaken pensions: Watson Wyatt

(November 9, 2004) The Supreme Court of Canada’s ruling regarding the Monsanto case and the distribution of surpluses in the event of a partial wind-up will weaken Canada’s defined benefit (DB) pension system, according to a paper released by Watson Wyatt. The Toronto-based consulting firm suggests the decision will cause many plan sponsors to make […]

By Joel Kranc |November 9, 2004

2 min read

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Investment managers rank Alberta tops

(November 9, 2004) Alberta has the best investment climate in Canada, according to a survey released today by the Fraser Institute. Investment managers were asked to indicate whether or not provinces maintained the necessary economic policies required to foster a positive investment climate. Provinces were ranked on a number of economic policies, including government finances, […]

By Doug Watt |November 9, 2004

2 min read

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Advising elderly clients requires extra diligence, lawyer says

(November 8, 2004) Looking over his client files, the veteran advisor saw potential traps that might have gone unnoticed by an unwary practitioner. A wealthy widowed client with no children had just turned 90. “The lady is very sharp for her age but I’ve noticed a definite decline in her edge in the last couple […]

By Art Melo |November 8, 2004

3 min read

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OSC surplus rises nearly 50%

(November 8, 2004) Despite a commitment to matching fees with the costs of regulation, Ontario’s securities regulator posted a surplus of more than $21 million in its latest fiscal year, up nearly 50% from the previous 12 months. The surplus issue has become a focal point for critics who believe that securities regulation should not […]

By Doug Watt |November 8, 2004

2 min read

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