Editorial
A new course defines procedural frameworks for advisors “based on fiduciary best practices”
Editorial
Overwhelming backing for “best interest” standard
The regulator’s final statement of priorities, published on Thursday, also includes a commitment to deal with embedded commissions
Although the province already has such a standard on financial planners, it’s now expanding the rule to include broker-dealers, sales reps and advisors
Although some countries have banned embedded commissions or adopted a best interest standard, most have just sought to enhance disclosure
Dispute over BIS may threaten creation of national regulator
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.