Industry

Franchise model for independent advisors launched in Quebec

(January 14, 2003) Quebec’s mutual fund distribution landscape underwent a dramatic shift last week with the launch of Nodus, a franchise-type operation aimed at advisors who want to set up their own independent firms. A recent change to the province’s securities laws allows individuals to register their own independent securities firm. It’s estimated that about […]

By Doug Watt |January 14, 2003

2 min read

Canada Life rejects Manulife takeover offer as

(January 13, 2003) Canada Life came out swinging today in its battle to avoid being swallowed up by Manulife, rejecting Manulife’s hostile takeover bid as inadequate and urging shareholders to vote against the offer. “Everyone knows that Manulife’s offer is inadequate,” said Canada Life CEO David Nield in a conference call with analysts. “The analysts […]

By Doug Watt |January 13, 2003

2 min read

Taking stock on the rock: Advocis announces national conference details

(January 10, 2003) A panel of Canada’s leading economists and a group of award-winning advisors will highlight the inaugural Advocis conference, slated for June 11-14 in St. John’s, Newfoundland. It’s the first national conference for the newly merged Canadian Association of Financial Planners and the Canadian Association of Insurance and Financial Advisors. The conference includes […]

By Doug Watt |January 10, 2003

2 min read

Pension managers call for elimination of foreign content limit

(January 9, 2003) Two Canadian pension associations are asking the federal government to scrap the 30% foreign content limit on registered pension plans. A study commissioned by the Association of Canadian Pension Management and the Pension Investment Association of Canada concludes that eliminating the foreign content rule could be worth as much as $3 billion […]

By Doug Watt |January 9, 2003

2 min read