Feds to consider increased activism by federally regulated pension plans
Rule that prohibits pension plans from owning more than 30% of a company’s voting shares doesn’t exist in most other countries
- By: James Langton
- June 3, 2016 June 3, 2016
- 14:20
Latest news in Industry News
U.S. lawyers’ group slams anti-fiduciary suit
Public Investors Arbitration Bar Association says efforts to block fiduciary rule are self-serving
- By: James Langton
- June 3, 2016 June 3, 2016
- 11:10
Traditional firms can take a page from fintech players
The websites of large financial services institutions have the tools that could lead to product purchases, but don’t go far enough in producing successful transactions
- By: Tessie Sanci
- June 3, 2016 June 3, 2016
- 08:40
Insurance advisors urged to adopt CRM2 principles
Increasing pressure from clients and regulators means advisors will be well served to provide greater disclosure on insurance products and fees sooner rather than later
- By: Megan Harman
- June 2, 2016 November 9, 2019
- 16:00
Ontario government passes legislation to create ORPP
The bill establishes participation requirements, contributions, benefit types and sustainability provisions for the provincial pension plan
- By: James Langton
- June 2, 2016 June 2, 2016
- 13:20
Clients more reliant on financial advisors, surveys find
But while investors seek more knowledge from their advisors, investor knowledge has not improved during the past few years
- By: James Langton
- June 2, 2016 June 2, 2016
- 12:50
CPP reform for lower-income Canadians may be needed, industry suggests
A letter from financial services sector trade groups recommends that CPP reforms should target only the people who are most vulnerable
- By: James Langton
- June 2, 2016 June 2, 2016
- 11:15
Fiera completes Apex acquisition
The deal more than doubles the Montreal-based firm’s presence in the U.S. institutional and subadvisory retail markets
- By: IE Staff
- June 2, 2016 June 2, 2016
- 10:00
U.S. groups challenge fiduciary rule
Nine industry organizations sue Department of Labor
- By: James Langton
- June 2, 2016 June 2, 2016
- 09:30
POAs on the radar of regulators
Advisors and firms should ensure they are implementing the recommended practices involving powers of attorney and senior clients
- By: Megan Harman
- June 2, 2016 November 9, 2019
- 06:40
TA Associates completes acquisition of Russell Investments
Reverence Capital Partners, has also taken a minority stake in the firm, as has Russell Investments management
- By: James Langton
- June 2, 2016 June 2, 2016
- 06:20
Advisors could play key role in helping clients prepare for major health risks
The chances of clients having a disability, critical illness or need for long-term care, which can have very damaging financial impacts, are higher than most…
- By: Megan Harman
- June 1, 2016 November 9, 2019
- 15:00
BCSC stance on “best interests” not divisive
Provincial difference of opinion on a new standard for advisors does not presage a divided co-operative securities regulator
- By: Ian Russell
- June 1, 2016 January 16, 2018
- 13:30
CIBC, Scotiabank increase support for Thinking Capital
The two banks have more than doubled the fintech firm’s debt facility to $125 million from its previous level of $50 million
- By: Tessie Sanci
- May 31, 2016 May 31, 2016
- 11:25
Bulkley Valley Credit Union strikes partnership with Qtrade
Qtrade will provide the credit union and its subsidiary access to its full-service platform for investment services
- May 30, 2016 May 30, 2016
- 13:50
CIBC joins the RIA as a sustaining member
The bank joins as a sustaining member while its brokerage arm, CIBC Wood Gundy, will be identified as an associate member
- By: Tessie Sanci
- May 30, 2016 May 30, 2016
- 10:30
Tax protestor receives conditional sentence
Quebec woman pled guilty to counselling 13 taxpayers to try to reduce or eliminate their income taxes by claiming improper expense reductions
- By: James Langton
- May 27, 2016 May 27, 2016
- 10:10
Panel judges named for IIAC Top Under 40 Award
Christiane Bergevin, Dr. Milton McClaren and Joe Oliver will decide this year’s winner; nominations are being accepted until May 31
- By: IE Staff
- May 26, 2016 May 26, 2016
- 15:10
Raymond James acquires 3Macs
The well-known Montreal-based brokerage firm will continue to operate under the 3Macs brand as a division of Raymond James following the closing of the deal
- By: Tessie Sanci
- May 26, 2016 May 26, 2016
- 15:00
Canadian banks set aside more money for bad loans to oilpatch, consumers
Rising unemployment in Alberta and other oil-dependent provinces is leading to higher writeoffs in one bank’s credit card portfolio
- By: Alexandra Posadzki
- May 26, 2016 May 26, 2016
- 14:40
Most advisors anticipate move to fee-based compensation: Vanguard report
Regulatory change is not only the biggest trend in the financial services business, but also presents one of the biggest challenges for advisors, survey finds
- By: Tessie Sanci
- May 26, 2016 May 26, 2016
- 11:10
PlanPlus announces Canada National Financial Planning Awards winners
Conrad Toner, founder of True North Retirement Counsel in Peterbrough, Ont., honoured
- By: IE Staff
- May 25, 2016 November 9, 2019
- 17:00
CIFPs 2016: Key highlights from the 2016 Fidelity Retirement Survey
Peter Bowen, vice president, tax and retirement research, Fidelity Investments Canada, discusses the top three highlights from the 2016 Fidelity Retirement Survey, which reveal surprising…
- By: Peter Bowen
- May 25, 2016 November 9, 2019
- 13:20
Are the glory days of HFT over?
The technological arms race among high-frequency traders has raised costs and curbed profits in the industry
- By: James Langton
- May 24, 2016 May 24, 2016
- 15:45