Industry group says DIY investors should not be paying fees meant to cover advice
Regulator wants to hear something new in embedded fee debate
2016 client research project aims to explore what client segment would be most affected by the potential elimination of embedded commissions
The Quebec securities regulator will host a session to discuss the CSA’s consultation paper
The independent advisory group that represents investor interests at the OSC is calling for policy reform, enforcement action and a new best interest standard
The association is opposed to the idea of banning embedded commissions and is asking advisors and clients to contact their MPPs and make their voices heard
The elimination of embedded commissions could make the financial services sector less desirable for young adults or widen the advice gap for the mass affluent, some suggest
The CSA's paper envisages a sweeping ban on trailer fees
But PMAC stands behind the CSA’s concerns with these compensation arrangements and says regulators are “taking a bold step forward”