Industry

IIROC eyes outside business activity

Compliance officers and branch managers should keep an eye on their reps for any evidence of outside business activity. A look at several recent hearing notices issued by the Investments Industry Regulatory Organization of Canada (IIROC) shows the regulator taking registered persons to task when they sell products outside their registration mandates. Among the actions […]

By Philip Porado |June 23, 2010

3 min read

Pension plans revisit risk management

Risks abound for pension plans – even while they are in the midst of restructuring the kinds of risks they are exposed to. Ask Errico Cocchi, pension fund investment manager for the City of Montreal. The end of 2008 and early 2009 “were a pretty tough year for our plan,” explained Cocchi at the IMN’s […]

By Scot Blythe |June 22, 2010

3 min read

eData initiative update

Strong support from distributors and carriers is helping the eData initiative make giant strides towards its realization. The eData initiative is a cooperative effort between CLIEDIS member carriers, distributors and system and software providers to develop a process for e-transactions and straight-through processing, starting with new business. Scott Sinclair, COO, Transamerica and co-chair of the […]

By Vikram Barhat |June 22, 2010

3 min read

Experts: Invest in Euro equities

It may seem like an absurd investment strategy but this is the time to invest in European equities. At the recent Bull & Bear Symposium, financial experts from the U.S. made a strong case for investing in Europe and Emerging Markets. “In this market we’d be buying European equities,” said Jason E. Todd, Morgan Stanley […]

By Vikram Barhat |June 21, 2010

2 min read