Letter: More rules don’t necessarily mean better investor protection
The regulatory response to Covid-19 has improved the investor experience, writes Ian Russell
- By: Ian Russell
- June 11, 2020 June 11, 2020
- 09:16
Latest news in Letters to the Editor
Is self-regulation working in the public interest?
IIROC’s findings of industry misconduct require a stronger response
- By: Ermanno Pascutto, Douglas Walker
- February 13, 2020 February 13, 2020
- 10:51
The slow death of Canada’s banking ombudsman
The independent dispute resolution service has been abandoned by most of the big Canadian banks
- By: Ermanno Pascutto
- October 17, 2019 November 12, 2019
- 11:35
Letter: Advisors must embrace “factfulness”
Many advisors in Canada are providing the same kind of advice they offered 20 years ago
- By: John De Goey
- August 14, 2019 November 12, 2019
- 10:00
Regulatory costs weaken portfolio returns: IIAC
Aggressive deregulation agenda would not interfere with completion of the client-focused reforms, association president argues
- By: Ian Russell
- May 10, 2019 November 12, 2019
- 10:25
Clients have spoken — and regulators should listen
IFIC’s recent Canadian Mutual Fund Investor Survey found that investors are very satisfied with their advisors and prefer to pay their fees indirectly
- By: Blake Goldring
- October 18, 2018 November 12, 2019
- 14:30
IIROC firms already meet the best interests of their clients
Regulators’ proposals to impose a best interests standard would be “duplicative and confusing”
- By: Ian Russell
- February 28, 2017 November 12, 2019
- 17:00
Explanations are needed — please
How will removing embedded commissions enhance the client experience? And how will a fiduciary standard work exactly?
- By: Don Janzen
- August 15, 2016 November 12, 2019
- 16:20
A cheap, simple and effective solution
By eliminating incentives, we’re driving down excellence by rewarding minimum expectation
- By: Mark A. Schneider
- August 12, 2016 November 12, 2019
- 13:30
Commissions influence advisors’ recommendations
The conflicts of interest in selling products with embedded commissions are enormous, as evidence shows
- By: Ken Kivenko
- August 12, 2016 November 12, 2019
- 13:25
Compensation has nothing to do with being a professional
Banning a specific type of compensation will not magically turn abusers into non-abusers. They will just find new ways to abuse
- By: Conrad Toner
- August 11, 2016 November 12, 2019
- 14:05
Targeted rules and firm culture needed, not best interest standard
Client's best interest not effectively achieved by a specific rule or regulation
- By: Ian Russell
- August 4, 2016 November 12, 2019
- 09:00
Only the profession itself can interpret a best interest standard
Implementing a best interest standard and leaving the oversight of advisors to the existing regulators is not a viable option
- By: Greg Pollock
- June 14, 2016 November 12, 2019
- 15:00
Letters to the Editor: No confusion, Advocis says
As the U.K. reconsiders rules banning embedded commissions, Advocis reaffirms its commitment to both raising proficiency standards for advisors and embedded compensation
- By: Greg Pollock
- May 12, 2016 November 12, 2019
- 14:30
Letters to the Editor: Proficiency, not commissions, reduces number of advisors
It’s worth reviewing the experience of the U.K., where advisors have faced higher proficiency standards since 2013
- By: Kelly Rogers
- May 11, 2016 November 12, 2019
- 11:00
Letters to the Editor: Commission-based advisors can be held to highest standards
John De Goey’s response to Advocis fails to address how clients will suffer if many have to leave the business
- By: Debbie Hartzman
- May 11, 2016 November 12, 2019
- 10:30
Letters to the Editor: Confusion at Advocis?
It seems contradictory to ask for both the retention of embedded fees and higher standards for financial advisors
- By: John De Goey
- May 10, 2016 November 12, 2019
- 13:00
Letters to the Editor: Higher professional standards needed
To protect clients, Advocis supports a new professional accreditation for financial advisors. Failure to do so will leave regulatory gaps.
- By: Greg Pollock
- May 6, 2016 November 12, 2019
- 11:30
Embedded fees provide clients with options
Transparency issues are being addressed by CRM2
- By: Bruce Loeppky
- April 14, 2016 November 12, 2019
- 10:30
Banning embedded fees will hurt investors, Advocis says
A recent report finds most people prefer the commission model
- By: Greg Pollock
- April 7, 2016 November 12, 2019
- 11:00
Extend “profession” status to all advisors
Only regulating the title “financial planner” still leaves consumers at risk
- By: Greg Pollock
- March 18, 2016 November 12, 2019
- 09:30
Commissions exist only as a choice
Where are the safeguards to ensure fee-based advisors aren’t collecting a fee for doing nothing?
- By: Don Janzen
- March 1, 2016 November 12, 2019
- 16:20
It’s well past time for reforms
Gross is not saying that advice shouldn't be paid for; he is only saying that the investment advice that investors receive should be unbiased of…
- By: Ken Kivenko
- February 29, 2016 November 12, 2019
- 16:45
A refreshing read
Greg Pollock’s rebuttal to Neil Gross is bang-on. It gives hope to many hard-working advisors preparing to leave the industry
- By: Robert Thompson
- February 26, 2016 November 12, 2019
- 14:25