Industry News

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Documentation key to meeting compliance standards, says expert

(November 5, 2004) Form is just as important as substance when it comes to meeting compliance standards, says Richard Austin, deputy head of compliance at Scotiabank Wealth Management. The ability to show that you’re doing the right thing is just as important as doing the right thing, says Austin, who presented a seminar on compliance […]

By Heidi Staseson |November 5, 2004

2 min read

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Disability insurance making a comeback, brokers told

(November 5, 2004) Young working Canadians are starting to express a renewed interest in disability insurance, a product whose popularity has been on the decline in recent years. Keith Malkin, living benefits consultant at Canada Life, says fewer advisors sell disability insurance than 10 years ago, partly due to the enthusiasm over critical illness products. […]

By Art Melo |November 5, 2004

2 min read

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Oil could derail global growth

(November 5, 2004) While the global economy has powered on for over a year, the high cost of fossil fuels threatens to put on the brakes, according to The Conference Board of Canada. In its World Outlook – Autumn 2004, the think-tank says the world economy should experience growth of 4% for the current year, […]

By Steven Lamb |November 5, 2004

1 min read

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Reports of laundering on the rise

(November 4, 2004) Evidence that Canada may indeed be a haven for money laundering was tabled in the House of Commons today, as Finance Minister Ralph Goodale released the 2003-04 Annual Report of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The total value of suspicious transactions tracked by FINTRAC rose dramatically in […]

By Steven Lamb |November 4, 2004

1 min read

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Industrial Alliance to acquire BLC-Rothschild

(November 4, 2004) Montreal-based life insurance firm Industrial Alliance has signed an agreement to purchase BLC-Edmond de Rothschild Asset Management from Laurentian Bank and Paris-based Compagnie Financière Edmond de Rothschild Banque. The deal will include an upfront payment of $65 million and a final payment of $8 million five years after the transaction closes, subject […]

By Doug Watt |November 4, 2004

1 min read

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IDA firms seen profiting from fund sales slump

(November 4, 2004) The IDA has crunched the numbers on an extensive shareowner study conducted for the TSX earlier this year. The results reveal that although IDA member firms have benefited from a decline in mutual fund sales, there are still competitive challenges for the brokerage industry. The TSX study found that although mutual fund […]

By Doug Watt |November 4, 2004

2 min read

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Advisor Forum preview: Clients get their say

(November 3, 2004) Clients are generally satisfied with their financial advisor, according to a comprehensive cross-border study. But the same study suggests advisors are under-resourced and having a difficult time meeting client contact goals. Julia Littlechild of Advisor Impact surveyed 6,500 clients of advisors in Canada and the U.S. in partnership with Moss Adams. She’s […]

By Doug Watt |November 3, 2004

2 min read

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Sandwich generation seeking investment options, expert says

(November 3, 2004) Joseph Coughlin says he sees the future and that independent insurance brokers have several strategies available for prospering as it unfolds. An aging population has led to “disruptive demographics” and the “disruptive consumer,” explained Coughlin, who is an expert on aging and the founding director of the Massachusetts Institute of Technology AgeLab. […]

By Art Melo |November 3, 2004

3 min read

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Passive vs. active fight masks real issue

(November 3, 2004) Sometimes a debate can become so polarized that the real issue at hand is lost to the audience. No, we’re not talking about presidential politics here. This time it’s asset allocation. The debate between active and passive management is essentially artificial, but both sides have “found religion” and taken an unrelenting stand […]

By Steven Lamb |November 3, 2004

3 min read

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Revised fair dealing principles go national

(November 2, 2004) Several of the key principles outlined in Ontario’s controversial fair dealing model are moving to the national level as part of a larger project aimed at harmonizing the various securities regulation requirements across the country. But it appears some of the reforms suggested in the initial fair dealing concept paper have been […]

By Doug Watt |November 2, 2004

2 min read

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