A new course defines procedural frameworks for advisors “based on fiduciary best practices”
The regulator’s final statement of priorities, published on Thursday, also includes a commitment to deal with embedded commissions
Although some countries have banned embedded commissions or adopted a best interest standard, most have just sought to enhance disclosure
Andrew Kriegler also pointed out during a discussion that the words “best interest” are already an integral component of IIROC’s rules
Keith Costello, president and CEO, Canadian Institute of Financial Planners, explains why a one-size-fits-all best interest standard won’t work.