Retirement

Mutual fund sales soared in October

Mutual funds rode a wave of investor optimism in October, racking up nearly $1.46 billion total net sales, according to data from the Investment Funds Institute of Canada. That’s a massive increase from September’s $252.2 million, and October 2009’s $82.6 million. Industry assets under management climbed $11.3 billion to $615.9 billion, a gain of 1.9% […]

By Steven Lamb |November 15, 2010

2 min read

Briefly: “IIROC disciplines software provider” and more news

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Dale Richard Wells engaged in business conduct unbecoming or detrimental to the public interest when he acted in the role of an advisor without being registered as one. The panel’s full Reasons for Decision are available on the IIROC website. […]

By Staff |November 11, 2010

4 min read

Briefly: “RBC executive named SIFMA chair” and more news

John Taft, CEO of RBC Wealth Management (U.S.), has been named 2011 chair of the Securities Industry and Financial Markets Association (SIFMA), a securities industry trade group representing securities firms, banks and asset management companies in the U.S. Taft’s appointment follows his role as 2010 chair-elect of SIFMA. During his tenure as SIFMA chair, Taft […]

By Staff |November 10, 2010

3 min read

Canadians expect later retirement

Canadians are coming to grips with the notion that their original retirement plan might not work out as they expected, according to a survey by AXA. The 2010 edition of the Retirement Scope survey found an increasing number of Canadians now believe they will have to work later into life than they had planned. On […]

By Steven Lamb |November 9, 2010

2 min read