Clients need choice when paying for investments
Banning embedded fees will reduce options for smaller investors
- By: Brad Brain
- August 9, 2016 August 9, 2016
- 16:00
Latest news in Industry News
Court rejects OTTP appeal on wrongful dismissal
The appeal court dismissed the pension giant’s arguments against a lower court ruling, which ordered the OTPP to pay more than $1 million in damages
- By: James Langton
- August 9, 2016 February 15, 2018
- 15:55
Almost 16,000 globally pass Level III CFA Exam
More than 137,000 candidates sat for all three levels of the exam, with 11,136 coming from Canada. The passing rate for the combined three exams…
- By: Tessie Sanci
- August 9, 2016 August 9, 2016
- 15:25
OSFI issues guidance for co-ops looking to become federal credit unions
The guide sets out the two phases of that application process and outlines the information that must be submitted in support of an application to…
- By: James Langton
- August 9, 2016 August 9, 2016
- 15:20
OBSI names and shames Sentinel for not compensating a client
The firm refused the ombudservice’s recommendation to compensate an investor who lost more than $100,000 in exempt-market investments
- By: James Langton
- August 9, 2016 August 9, 2016
- 11:05
Peerage Capital invests $27 million into Echelon Wealth Partners
Echelon, formerly known as Euro Pacific Canada, has been growing in recent months as it completed the acquisition of Dundee Goodman Private Wealth this past…
- By: Tessie Sanci
- August 9, 2016 August 9, 2016
- 09:20
Barclays to pay US$100 million in LIBOR settlement
Bank allegedly manipulated interest-rate benchmarks during financial crisis
- By: James Langton
- August 8, 2016 August 8, 2016
- 14:15
IFIC calls on feds to improve access to registered plans
The group is also calling on Ottawa to alter the rules surrounding group RRSPs to put them on a more level playing field with workplace…
- By: James Langton
- August 5, 2016 August 5, 2016
- 16:05
Investors raise concerns about LSE/DB merger
There are various points of contention, among them are the impact on competition and regulatory arbitrage if the U.K. leaves the EU
- By: James Langton
- August 5, 2016 August 5, 2016
- 12:40
Morningstar to suspend awards gala for 2016
Decision follows a reminder from the OSC last year that firms are not allowed to promote mutual funds using a performance rating or ranking based…
- By: Tessie Sanci
- August 5, 2016 August 5, 2016
- 10:35
Fixed-income trading on the rebound
Outlook for capital markets business remains uncertain, Fitch reports
- By: James Langton
- August 4, 2016 August 4, 2016
- 13:20
Proposals set tougher standards for transfer agents dealing with CDS
The proposed standards aim to address several important operational risks CDS faces in its dealings with transfer agents
- By: James Langton
- August 4, 2016 August 4, 2016
- 12:50
Sun Life launches new digital health solutions unit
The new business area’s goals include the development of tools that will help Canadians find new and better ways of accessing health care products and…
- By: Tessie Sanci
- August 4, 2016 August 4, 2016
- 12:30
TMX Group begins first phase of business integration initiative
The firm is merging the CDS’s and the CDCC’s back-office operations and naming Glen Goucher as president of CDS
- By: James Langton
- August 3, 2016 August 3, 2016
- 16:00
CLHIA launches web tool for Canadians approaching retirement
Although there’s a lot of information for those planning for retirement, there’s little available for those about to enter this stage of their lives, the…
- By: Tessie Sanci
- August 3, 2016 August 3, 2016
- 15:25
Fed sanctions Goldman Sachs for disclosing confidential information
The Fed has ordered the firm to pay a civil penalty of US$36.3 million and announced enforcement proceedings against former managing director
- By: James Langton
- August 3, 2016 August 3, 2016
- 14:50
Conference Board of Canada names Craig Alexander as new chief economist
Alexander was senior vice president and chief economist with TD and also served as an economist with CIBC, RBC and the C.D. Howe Institute
- By: Tessie Sanci
- August 3, 2016 August 3, 2016
- 13:15
IIAC recommends tweaks to rules for private retirement savings programs
The industry trade association suggests that group RRSPs should be put on a level playing field with DC pensions and PRPPs
- By: James Langton
- August 3, 2016 August 3, 2016
- 12:05
U.S. trader pleads guilty in to trading on non-public information
Leonid Momotok was involved in an international scheme to hack into newswires and trade on stolen inside information
- By: James Langton
- August 3, 2016 August 3, 2016
- 09:30
Sun Life expands pension business in Asia with acquisition
The Toronto-based insurer is purchasing FWD Life Insurance’s pension and MPF businesses as well as entering into a distribution agreement with that firm
- By: Tessie Sanci
- August 3, 2016 August 3, 2016
- 08:40
GWL completes acquisition in Ireland
The merged firms will combine to create Irish Life Health
- By: Tessie Sanci
- August 2, 2016 August 2, 2016
- 16:05
Debt management the biggest priority for Canadians: BMO poll
Study also finds that Canadians younger than 55 are most they will not be able to save enough to meet their financial goals while those…
- By: Tessie Sanci
- August 2, 2016 August 2, 2016
- 16:00
U.S. court sanctions Canadian lawyer for role in an alleged scheme
John Briner and his former firm have been ordered to pay US$280,000 and have been banned permanently
- By: James Langton
- August 2, 2016 August 2, 2016
- 15:55
Alain Miquelon departs as head of the Montreal Exchange
Luc Fortin, who joined the exchange this past June as managing director, derivatives trading, will take over on an interim basis
- By: IE Staff
- August 2, 2016 August 2, 2016
- 13:10
ISS targets “sign-on awards” in latest annual policy review
The firm is also considering incorporating additional metrics to identify potential misalignments between CEO pay and company performance
- By: James Langton
- August 2, 2016 August 2, 2016
- 12:50