Industry

Cross-border planning full of conflict

Financial planning is a knotty exercise at the best of times. Imagine then the complexity of it when it must be done around assets, owners and interests that straddle borders. Now more than ever, individuals and their families are moving back and forth between Canada and the U.S. for personal and professional reasons. This creates […]

By Vikram Barhat |November 10, 2010

5 min read

CPP Fund boosted by global equity rally

The CPP Fund ended its second quarter of fiscal 2011 with a balance of $138.6 billion, up from $129.7 billion at the end of the first quarter on June 30, 2010. The second quarter was kind to global equity markets, and investment returns accounted for $8.4 billion of the increase—a return of 6.6%. Inflows of […]

By Steven Lamb |November 10, 2010

1 min read

Briefly: “RBC executive named SIFMA chair” and more news

John Taft, CEO of RBC Wealth Management (U.S.), has been named 2011 chair of the Securities Industry and Financial Markets Association (SIFMA), a securities industry trade group representing securities firms, banks and asset management companies in the U.S. Taft’s appointment follows his role as 2010 chair-elect of SIFMA. During his tenure as SIFMA chair, Taft […]

By Staff |November 10, 2010

3 min read

Canadians expect later retirement

Canadians are coming to grips with the notion that their original retirement plan might not work out as they expected, according to a survey by AXA. The 2010 edition of the Retirement Scope survey found an increasing number of Canadians now believe they will have to work later into life than they had planned. On […]

By Steven Lamb |November 9, 2010

2 min read