Industry News

Pension regulator warns plans to make sure benefits are affordable

(May 21, 2003) Acknowledging the devastation falling stock markets have wreaked on many employee pension plans, Canada’s top financial regulator says that plan sponsors and members must ensure they can pay for pension improvements, and he also feels the federal superintendent should have the power to roll back unaffordable enhancements. “As a pension regulator, I […]

By Scot Blythe |May 21, 2003

3 min read

Industry

Brokers get green light to set up independent shops

(May 21, 2003) A long-awaited rule change allowing independent agents in the securities industry is now in effect. The principal-agent bylaw permits IDA member firms and their representatives to enter into non-employee-employer relationships, similar to the mutual fund and insurance industries. Under the old rules, brokers had to be employees of their firms. Peter Bailey, […]

By Doug Watt |May 21, 2003

3 min read

Industry

Investment managers’ earnings decline as bonuses dry up, survey concludes

(May 20, 2003) Canadian investment managers are earning an average 30% less than they did two years, and nearly 50% less than their American counterparts, according to data compiled by the Association for Investment Management Research (AIMR). Median compensation in Canada for investment professionals was $75,805 US in 2003, compared to $108,000 US in 2001, […]

By Doug Watt |May 20, 2003

2 min read

Industry

No shortage of top ideas, speakers at Elite Advisor Summit

(May 2003) From prospecting to product to personal freedom, the Strategy Institute’s recent Elite Advisor Summit and its lineup of industry experts offered plenty of food for thought and actionable ideas for each of the 150 or so participants in attendance. Dan Sullivan, founder and president of The Strategic Coach, an entrepreneur development company familiar […]

By Donna Green |May 20, 2003

3 min read