IG settles with MFDA over suitability of DSC sales to elderly clients
The hearing involved two clients over age 90 sold DSC funds with seven-year redemption schedules
Latest news in Industry News
HSBC, Capital Group make fund changes
Changes include fee reductions and tiers
- By: Staff
- May 17, 2019 May 17, 2019
- 11:14
IIROC delays debt trade reporting change to 2020
The reduced reporting deadline for debt transactions won't take effect until April
- By: Staff
- May 17, 2019 May 17, 2019
- 10:22
ScotiaMcLeod head departs
Rob Djurfeldt is no longer with the firm
- By: Rudy Mezzetta
- May 16, 2019 May 16, 2019
- 15:53
IIROC shows new investigative authority in 2018 enforcement report
Suitability issues remain the top complaint
- By: James Langton
- May 16, 2019 May 16, 2019
- 11:16
Manulife partners with BEworks to train advisors in behavioural economics
Advisors can fall prey to the same biases as clients
- By: Mark Burgess
- May 16, 2019 May 16, 2019
- 10:43
OSC drops late filing fees for outside business activities
The change will result in more than $700K of savings for registrants
- By: Staff
- May 15, 2019 May 15, 2019
- 14:51
Corporate ESG performance improves, but violations increase
Banks, for example, have the most governance-related 'controversies,' a report says
- By: Staff
- May 15, 2019 May 15, 2019
- 13:16
Nest Wealth acquires maker of financial planning software
Acquisition of Razor Logic Systems will bolster services offered to advisors
- By: Staff, with files from The Canadian Press
- May 15, 2019 May 15, 2019
- 11:54
Fiera to acquire Foresters’ asset management business
The purchase lifts the firm's liability-driven investment AUM to more than $25 billion
- By: Mark Burgess
- May 15, 2019 May 15, 2019
- 11:48
CPPIB outperforms in fiscal 2019
The pension fund beat its benchmark with a net return of 8.9%
- By: Staff
- May 15, 2019 May 15, 2019
- 11:25
Desjardins Q1 profit down due to insurance claims
The wealth management and life insurance segments also saw smaller gains
- By: Staff
- May 14, 2019 May 14, 2019
- 16:30
Power Corp. shareholders reject say-on-pay proposal
The vote was 23% in favour, 77% against a greater shareholder voice on executive compensation
- By: The Canadian Press
- May 14, 2019 May 14, 2019
- 15:08
IAP to examine ‘advice gap’
In its annual report, the advocacy group said client-focused reforms remain a priority
- By: James Langton
- May 14, 2019 May 14, 2019
- 12:42
Canadian VC sector lacking women in senior roles: report
Female representation declines with seniority
- By: Staff
- May 14, 2019 May 14, 2019
- 11:16
CIBC AM makes portfolio management changes
CIBC Private Wealth Advisors will assume advisor responsibilities for three funds
- By: Staff
- May 13, 2019 May 13, 2019
- 17:07
Updated: OSC approves $1-million settlement with blockchain investment firm
Alex Tapscott also settled with the SEC, paying a $25,000 civil penalty
- By: Staff
- May 13, 2019 May 14, 2019
- 15:34
Mark Evans appointed director of CPPIB
The technology investor will serve a three-year term
- By: Staff
- May 13, 2019 May 13, 2019
- 14:40
University costs delay parents’ retirement: survey
Looking ahead, parents expect the negative impact to increase
- By: Staff
- May 13, 2019 May 13, 2019
- 14:25
Clients don’t understand retirement income sources
As a result, clients are challenged to make savings decisions
- By: Staff
- May 13, 2019 May 13, 2019
- 12:45
Power Financial Q1 profit slips to $546M
Bigger contribution from IGM offset by lower earnings from life insurance companies
- By: Canadian Press
- May 13, 2019 May 13, 2019
- 12:30
Room for corporate sector to join Canada’s thriving green bond market
Canadian green bonds are attractive to investors because they often trade at a premium to standard bonds on the secondary market
- By: Staff
- May 13, 2019 May 13, 2019
- 11:45
Goodwood appoints portfolio manager
Gajan Kulasingam was formerly lead portfolio manager of Sentry Global Infrastructure Fund
- By: Staff
- May 13, 2019 May 13, 2019
- 11:40
Invesco Canada makes changes to executive lineup
Christopher Doll, vice-president of ETF sales and strategy, is no longer with the firm
- By: Staff
- May 13, 2019 May 13, 2019
- 10:45
Canadians prefer advisors for retirement planning: survey
Financial advisors more popular with some generations than others
- By: Staff
- May 13, 2019 May 13, 2019
- 10:35