There are signs that willingness for co-operation is beginning to emerge, with momentum in favour of change clearly upon us
The guidelines aim to ensure financial planners are equipped to make financial projections
Different regulators are covering the same turf
The mutual fund industry trade group’s submission pushes back against some of preliminary recommendations of the Expert Committee
Specifically, advisors must first understand a client’s essential goals and aspirational goals before making any investment recommendations
There’s much to commend in the Ontario government’s Expert Committee’s preliminary recommendations, but also some areas that need to be revisited
Financial planners and financial advisors need consistent implementation of some key policy recommendations
Although there are concerns, the FPSC, the CIFPS, the IIAC and FAIR Canada are in favour of the recommendation to regulate financial planning
New report also recommends a simplified approach to dealing with consumer complaints and a consumer-friendly process for recovering losses
The better you know your clients, the more prepared you’ll be for unplanned decisions