Industry News

Securities commissions should team up on deregulation efforts, Advocis says

(February 25, 2003) Two of Canada’s largest provincial securities regulators should collaborate on a pair of like-minded deregulation initiatives, says Advocis, the country’s largest professional association for financial advisors. Although the British Columbia Securities Commission’s proposals for new mutual fund regulations and the Ontario Securities Commission’s suggested fair dealing model are separate projects, the similarities […]

By Doug Watt |February 25, 2003

2 min read

Industry

Sun Life not pursuing merger with bank, CEO says

(February 24, 2003) Sun Life Financial, Canada’s largest insurer, has no interest in merging with one of the country’s big banks, company CEO Donald Stewart suggested today in Montreal. Calling a bank-life insurance merger “fraught with risk,” Stewart said Sun Life is instead focusing on international expansion. “It is not clear to us that a […]

By Doug Watt |February 24, 2003

2 min read

Industry

Employers cautious about budget health initiatives

(February 24, 2003) Pension plan sponsors are welcoming healthcare provisions laid out in last week’s federal budget. But although they are pleased that issues such as primary care, home care and catastrophic drug coverage have been addressed in the $16 billion five-year Health Reform Fund, they caution that the success of the budget initiatives will […]

By Anna Sharratt |February 24, 2003

3 min read

Industry

Reaction mixed to Advocis

(February 21, 2003) A recent call for more co-operation in the financial services industry from Advocis, Canada’s largest professional association of advisors, has produced a mixed bag of responses from other associations and advisors. The head of the fledgling Canadian Institute of Financial Planners says he thinks Advocis wants to get rid of all other […]

By Doug Watt |February 21, 2003

3 min read