Industry

High-income earners on the rise, census reveals

(March 11, 2003) The number of high-salaried Canadians soared in the 1990s as more workers cashed in on their university education, the latest census reveals. Nearly 450,000 Canadians earned an annual salary of more than $100,000 in 2000, a 70% increase compared to 1990, Statistics Canada reported today. Among the high-income earners, 61% had a […]

By Doug Watt |March 11, 2003

2 min read

Industry

Performance only part of the fund sales story, report concludes

(March 11, 2003) Investment returns may help boost mutual fund sales, but there are other factors at play, according to a recent report from fund researcher Investor Economics. Industry players give investment performance too much credit for driving mutual fund sales and too much blame for sparking redemptions, says the report, called “Selling Steak or […]

By Doug Watt |March 11, 2003

2 min read

Industry

Joint Forum calls for voluntary, industry-wide practice standards

(March 10, 2003) Universal practice standards should be adopted that would apply to all those working in Canada’s financial services sector, says the Joint Forum of Financial Market Regulators, the coordinating body for securities, insurance and pension regulators. Last week, the Joint Forum released an extensive consultation paper called “Principles and Practices for the Sale […]

By Doug Watt |March 10, 2003

2 min read

Industry

Steer clients clear of bear trap with action steps in March’s Advisor’s Edge

(March 10, 2003) Unfortunately, the bear market has been a familiar theme with advisors and their clients for far too long already. However, rather than just offering familiar advice, the March issue of Advisor’s Edge digs deeper with a host of industry experts offering actionable tips to preserve client wealth in these unsteady times. “Advisors […]

By John Craig |March 10, 2003

2 min read