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
By eliminating incentives, we’re driving down excellence by rewarding minimum expectation
The conflicts of interest in selling products with embedded commissions are enormous, as evidence shows
Banning a specific type of compensation will not magically turn abusers into non-abusers. They will just find new ways to abuse
Client's best interest not effectively achieved by a specific rule or regulation
Editorial
Implementing a best interest standard and leaving the oversight of advisors to the existing regulators is not a viable option
Editorial
As the U.K. reconsiders rules banning embedded commissions, Advocis reaffirms its commitment to both raising proficiency standards for advisors and embedded compensation
It’s worth reviewing the experience of the U.K., where advisors have faced higher proficiency standards since 2013
John De Goey’s response to Advocis fails to address how clients will suffer if many have to leave the business
It seems contradictory to ask for both the retention of embedded fees and higher standards for financial advisors
To protect clients, Advocis supports a new professional accreditation for financial advisors. Failure to do so will leave regulatory gaps.
Editorial: Last-minute policy reversals undermine an already fragile trust between tax authorities and the public
CEO Ken Rae sells his stake but stays on as key leader
The Liberals’ re-election prospects look promising thanks to the co-operation of Big Pharma
Why the energy transition still matters
Hint: it has nothing to do with how frequently these investments are priced
We can’t rule out a future change to the capital gains inclusion rate, but Ottawa has reversed course for now
AI, private banking, the shift from independence and more
Re: We can close Canada’s widening financial literacy gap
Financial education must be continuous, inclusive and grounded in reading, writing and numeracy — throughout life
It’s time to ban embedded fees
Editorial