Industry

Markets to blame? Investor complaints on the rise, CSA says

(January 22, 2003) Investor complaints to securities regulators have increased over the past couple of years, likely the result of a lengthy bear market, says Doug Hyndman, chair of the Canadian Securities Administrators. For the second straight year, concerns about financial advisors, including the suitability of investments, topped the CSA’s annual list of complaints. “Advisors […]

By Doug Watt |January 22, 2003

2 min read

Advisors uncertain over which fund companies to support, survey finds

(January 21, 2003) Financial advisors aren’t sure what fund companies they will be working with this year, according to a private study conducted for Canada’s mutual fund industry. That uncertainty provides an opportunity for fund companies who understand the difference between attracting advisors and keeping them, says Environics Research Group vice-president Hugh Murphy. “Advisors are […]

By Doug Watt |January 21, 2003

2 min read

Father of critical illness insurance makes a plea to advisors

(January 20, 2003) The South African heart surgeon who pioneered the concept behind critical illness insurance says advisors owe it to their clients to spread the word about CI. Dr. Marius Barnard was a keynote speaker last Friday at the first world critical illness insurance conference in Vancouver. “In 1983 I had a tremendous audience […]

By Sheila Avari |January 20, 2003

2 min read

IFIC discards several BCSC mutual fund industry reform proposals

(January 20, 2003) The Investment Funds Institute of Canada has shot down several key provisions contained in the British Columbia Securities Commission’s proposals to reform mutual fund regulations. IFIC believes that fund companies should not be forced to file quarterly performance reports and that foreign fund companies shouldn’t be allowed to sell products in Canada. […]

By Doug Watt |January 20, 2003

2 min read