Deferred annuities were first introduced in 2019 federal budget
Total cost reporting, ESG challenges discussed at IFIC conference
Regulators cite data gaps, lack of standards, pervasive risks as obstacles
Firms are reporting increased compliance costs as they respond to ESG guidance and regulatory "sweeps"
New product labelling and marketing rules to take effect in 2024
Fund managers must do more to comply with labelling rules, guidance
Traditional managers to face greater pressure than alt managers
Slowing forecasts diverge as the growing pain of higher rates plays out
Passive funds drove the redemptions, while active flows remained positive
Consultation shows range of views on where the organization should focus next