Industry News

MFDA rewrites compensation rule

Advisors who receive their commissions through a corporation not registered with the Mutual Fund Dealers Association could see this arrangement formally accepted by the SRO, which has technically banned such arrangements until now. The MFDA has published for comment a proposed amendment to Rule 2.4.1, which requires that commissions be paid to the member firm, […]

By Steven Lamb |June 24, 2009

2 min read

Briefly:

Governments must continue with pension reforms to ensure the solvency of the plans, the Organization of the Economic Co-operation and Development (OECD) declared in a report issued Wednesday. Concerns have arisen about governments becoming too preoccupied with rebuilding the economy, while ignoring the longer-term issues facing pension plans. The report encouraged countries to remain committed […]

By Staff |June 24, 2009

4 min read

Market turmoil mars investor satisfaction, loyalty

Unless you delight in being the contrarian, it’s a truism, tried and tested, that investor sentiment yo-yos with market peaks and troughs. And a J.D. Power and Associates study released today confirms it. The Canadian Full Service Investor Satisfaction Study finds overall satisfaction among full-service investors in Canada declined considerably in 2009 — to 693 […]

By Kanupriya Vashisht |June 24, 2009

3 min read

Women make little progress in industry

Women in financial services may have come a long way but not far enough. Despite small gains in the banking industry, women in capital markets have made virtually no progress in the last eight years, according to a new study released Monday. The study, called Catalyst’s Report to Women in Capital Markets, found 39% of […]

By Deanne Gage |June 23, 2009

3 min read