Canadians not planning for expected lengthy retirements
Only 29% of working-age Canadians believe they’ll be financially comfortable when they retire, new HSBC report finds
- By: Beatrice Paez
- April 26, 2017 December 19, 2017
- 12:50
Latest news in Industry News
Home Capital shares plunge after signing deal for $2-billion credit line
The OSC has alleged the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan…
- By: The Canadian Press
- April 26, 2017 December 19, 2017
- 12:05
MFDA-licensed advisors have firm grip on Canada’s mass market
2016 client research project aims to explore what client segment would be most affected by the potential elimination of embedded commissions
- By: Beatrice Paez
- April 25, 2017 April 11, 2018
- 16:00
IFIC seeks greater disclosure to clients on MERs
CRM2 has led to more questions from clients about MERs, so IFIC members would like to see this disclosed as part of an initiative the…
- By: James Langton
- April 25, 2017 December 19, 2017
- 14:15
GWL to reduce workforce as firm focuses on technology
The firm will be cutting 1,500 positions, or 13% of its staff, including jobs involved in supporting advisors — but no advisors will be let…
- By: Megan Harman
- April 25, 2017 December 19, 2017
- 12:00
Registration deadline for FPSC exams is May 2
CFP and FPSC level 1 examinations take place across Canada June 2
- By: IE Staff
- April 25, 2017 December 19, 2017
- 09:40
CPPIB inks deal with private equity firm for international school company
The transaction values Hong Kong-based Nord Anglia Education at US$4.3 billion
- By: The Canadian Press
- April 25, 2017 December 19, 2017
- 09:20
CI becomes associate member of RIA
The asset-management firm can now participate in the RIA’s board and various committees
- By: Beatrice Paez
- April 24, 2017 December 19, 2017
- 14:20
Improving disclosure for outside business activity must become a priority
Compliance professionals must improve their training of approved persons on outside business activities to reduce risks for firms and their advisors
- By: Rudy Mezzetta
- April 24, 2017 December 19, 2017
- 11:00
Pocket Risk will soon be available to Canadian advisors
The tool assesses investors’ risk tolerance by asking them 15 questions that account for psychological and behavioural finance factors
- By: Beatrice Paez
- April 24, 2017 December 19, 2017
- 10:35
Home Capital benches two key players facing OSC’s allegations
The company’s CFO will be assigned new responsibilities after first-quarter results are filed next month
- By: The Canadian Press
- April 24, 2017 December 19, 2017
- 10:05
Mutual fund sales rise in March: IFIC
Total industry AUM rose to almost $1.39 trillion, up by 13% from a year earlier
- By: James Langton
- April 21, 2017 December 19, 2017
- 16:15
National Bank acquires minority stake in Nest Wealth
The bank’s financial advisors will gain access to the Nest Wealth Pro white label robo-advisor platform
- By: Pablo Fuchs
- April 21, 2017 December 19, 2017
- 09:50
Home Capital to fight OSC, focus on business
Management will remain focused on growth while defending the firm from the OSC's allegations, says the company’s chairman in an open letter
- By: The Canadian Press
- April 21, 2017 December 19, 2017
- 09:10
Nasdaq introduces fintech venture investment program
Nasdaq Ventures will invest in blockchain, machine learning and artificial intelligence, analytics and content aggregation, among other technologies
- By: Beatrice Paez
- April 20, 2017 December 19, 2017
- 14:55
Financial firms face significant risk from cyberattacks
Such attacks pose negative consequences for both individual issuers and financial systems, new Fitch report finds
- By: James Langton
- April 20, 2017 December 19, 2017
- 13:40
Older Canadians support major regulatory reforms
New CARP survey finds that 89% of Canadians over the age of 55 are in favour of a best interest standard while 79% are opposed…
- By: Beatrice Paez
- April 20, 2017 December 19, 2017
- 13:10
Pilot program targets imminent financial services labour shortage
The TFSA’s ASPIRE program is aiming to offer 10,000 work-related learning opportunities to undergraduate students
- By: Beatrice Paez
- April 19, 2017 December 19, 2017
- 15:00
TD Wealth introduces new tool for advisors to help wealthy clients
TD Discovery Tool, which is modelled on behavioural finance, can produce a wealth personality report that highlights investors’ key traits
- By: Beatrice Paez
- April 18, 2017 December 19, 2017
- 15:55
Bank CEOs’ pay improving
The compensation packages of Canada’s bank CEOs are heading higher than previously targeted thanks, in part, to growing stock options and equity incentives
- By: Beatrice Paez
- April 18, 2017 December 19, 2017
- 14:45
IIAC seeks nominees for annual Top Under 40 Award
Nominees must be full-time employees of an IIAC member firm and must not be a previous recipient to qualify
- By: Beatrice Paez
- April 17, 2017 December 19, 2017
- 14:00
Spiring resurrects Wellington brand
Wellington-Altus Private Wealth Inc., which opened for business on Monday, has 14 investment advisors and $2.5 billion in assets under management
- By: Fiona Collie
- April 17, 2017 December 19, 2017
- 06:30
Canada’s financial services sector “moving fast” on AI
Several major institutions are investing heavily in the emerging technology while startups are also looking to develop new products, report finds
- By: Beatrice Paez
- April 13, 2017 December 19, 2017
- 11:50
Feds establish parliamentary caucus to connect with credit unions
The first federal caucus devoted to credit unions will provide representatives with financial co-operative with a platform to “address community concerns”
- By: Beatrice Paez
- April 13, 2017 December 19, 2017
- 09:30
Blockchain could improve trade settlement process, study finds
Existing market infrastructure firms that handle clearing and settlement would likely continue to serve these functions
- By: James Langton
- April 12, 2017 December 19, 2017
- 10:15