Industry News

Briefly: “U.K. reforms seen shrinking industry” and more of Wednesday’s news

Canadian advisors are not the only ones facing regulatory reform. In the U.K., the Financial Services Authority (FSA) launched the Retail Distribution Review (RDR) back in 2006. Now those in the industry are worried that policies that come out of this process will reduce the number of independent financial advisors. Among the recommendations that came […]

By Staff |January 21, 2009

3 min read

Briefly: “Keep regulation fair: Advocis” and more of Tuesday’s news

While most Canadians await the federal budget to be tabled in Ottawa January 27, Advocis has drawn attention to the impending Ontario budget, calling for any regulation of the financial services industry to be “smart.” “We are not asking for a handout or a subsidy,” said Advocis president and CEO Greg Pollock. “Our members simply […]

By Staff |January 20, 2009

3 min read

Briefly:

Troubled U.S. insurance giant American International Group has found a buyer for its commodity index operations, part of its AIG Financial Products subsidiary. UBS Investment Bank has bought the business, including AIG’s rights to the DJ-AIG Commodity Index. The Swiss bank will pay $15 million up front and up to $135 million more over the […]

By Staff |January 19, 2009

3 min read

Week in review: January 12-16, 2009

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |January 16, 2009

8 min read