International experts and Canadian industry leaders provide insights into the growing impact that developments in foreign jurisdictions are having on Canada’s investment funds industry at the Investment Funds Institute of Canada’s (IFIC) annual leadership conference held in Toronto on October 9.
October 11, 2013Glen Gowland, chairman, Investment Funds Institute of Canada (IFIC), discusses industry consolidation due to rising regulatory costs, the impact of CRM 2 on access to advice and the future of the regulatory framework in Canada. He spoke with Jade Hemeon, senior reporter with Investment Executive, at the 2013 IFIC Annual Leadership Conference 2013 in Toronto.
New partnership will decrease costs and improve efficiencies, says Ontario finance minister
John Brogden, CEO, Financial Services Council, Australia, discusses the impact of new Australian regulations that came into effect on July 1st, 2013. They include: a best interest duty, the abolition of commissions (except for life insurance agents) and proposed new tougher new rules for accreditation. Impacts of the new legislation include a 1.8 billion dollar cost to implement, a drop in the number of Advisors in Australia, and the hope -- of a revival for the role of advisor as a profession.
Both regions offer Canadian fund companies growth opportunities because the middle class is growing quickly
There’s a need to study how these changes would affect clients’ access to advice, IFIC chairman says
Follow our coverage of Bridging Finance Inc., a portfolio manager and exempt market dealer based in Toronto.
The cease-trade order on all 11 ETFs from Emerge Canada Inc. represented the first time such an order had been placed on a family of…
Investment Executive's brand-new survey of independent insurance advisors unveils their challenges plus key industry trends
