New proposed amendment addresses removal of DSCs on existing seg fund contracts
Conflict of interest concerns spark regulators' review
Ban should apply in provinces that have yet to announce it, regulators say
Ahead of the proposed DSC ban for seg funds, a familiar refrain is in play
The Quebec regulator also plans to improve complaint handling and financial literacy
Loke replaces Robert Bradley as head of the insurance regulators' association
Final rules for a ban beginning June 1 were sent to the finance minister for approval
Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban
Also, fewer advisors left the advisory channel as the ban's effects faded
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds