Industry News

OSFI calls for closer risk scrutiny

Life insurance carriers face a daunting challenge in the wake of last year’s equity market collapse as they grapple with the unforeseen risks tied to guaranteed products that have swept the globe in recent years. “Unlike traditional insurance risk, segregated fund risk is non-diversifiable,” said Superintendent Julie Dickson with the Office of the Superintendent of […]

By Steven Lamb |June 9, 2009

3 min read

Briefly:

Sun Life’s 2008 Volunteer of the Year award was given to Robert Tuer, advisor with the Sarnia Financial Centre. In recognition of Tuer’s volunteer work, Sun Life will donate $10,000 to his charity of choice: Scouts Canada’s St. Bartholomew’s Cub Pack. Last year, Robert spent over 600 hours volunteering at Scouts Canada, organizing and running […]

By Staff |June 8, 2009

4 min read

MFDA challenge rests in the OSC hands

The Independent Financial Brokers (IFB) must now wait to see if its legal challenge to the hearing process of the Mutual Fund Dealers Association (MFDA) will be granted by the Ontario Securities Commission (OSC). At stake is the ability of third-party organizations to challenge the validity of SRO bylaws. For almost a year now the […]

By Mark Noble |June 8, 2009

3 min read

Time to build your business

A known truth about recessions: they eventually do end. But the question is, where will advisors be situated when this particular downturn is over? Will they have used the downturn to their advantage or will they become victims, forced to take down their shingles? These questions were posed to the 300 advisors attending the Canadian […]

By Deanne Gage |June 8, 2009

3 min read