Industry News

POS a ‘huge waste of money’

Discontent with the new point of sale (POS) disclosure regime, proposed by the Canadian Securities Administrators, has become a little more strident. Experts at the Strategy Institute’s recent Mutual Fund Point of Sale Conference expressed more than a hint of disapproval of compliance obligations that require proof that delivery took place within the requirements of […]

By Vikram Barhat |April 16, 2010

3 min read

Briefly:

PlanPlus Inc. has opened a new permanent office in Shenzhen, China. This choice of location was not taken lightly and is believed to be an ideal position from which to expand the company’s business in Asia, specifically in China and Hong Kong. “Over the past 12 months PlanPlus evaluated a number of alternatives for a […]

By Staff |April 15, 2010

3 min read

Fund sales slow after RRSP season

Mutual fund sales slowed in March, as the deadline for RRSP contributions passed, according to the latest data from the Investment Funds Institute of Canada (IFIC). Net sales in March were $1.64 billion, with $3.96 billion in long-term fund sales offset by money market redemptions totalling $2.32 billion. In February, total net sales had been […]

By Steven Lamb |April 15, 2010

2 min read

Details of Prairie credit union giant emerge

The credit union centrals of Alberta, Saskatchewan and Manitoba are getting in on the merger game. The trio are putting the finishing touches on a business strategy that will soon be presented to the 155 credit unions in all three provinces. They are seeking permission to amalgamate their operations in early 2011. If approved, the […]

By Renée Alexander |April 14, 2010

4 min read