Industry News

Fight erupts over designation initials

The IAFP is claiming the IARFC is infringing on its trademarks. The IAFP says the common usage of the first two letters of each designation to mean “registered financial” is too similar. In addition, it says the acronyms of the designations sound too similar. Thirdly, the IAFP says the American IARFC’s slogan, “Separate yourself from […]

By Mark Noble |July 11, 2008

4 min read

On The Shelf:

(July 10, 2008) AIM Trimark has announced enhancements to two of its Core Bundles, adding exchange-traded funds to the asset mix and improving the clarity of client reports. Effective immediately, the investment strategies of AIM Trimark Core American Equity Class will permit the fund to invest up to 50% of its assets in units of […]

By Staff |July 10, 2008

1 min read

Briefly:

(July 10, 2008) The head of the Lebanese Canadian Bank says a lawsuit against his company is without merit, and the bank will defend itself vigorously against accusations that it played a role in financing terror. Georges Zard Abou Jaoude, chairman and general manager of Lebanese Canadian Bank, says that his bank is fully compliant […]

By Staff |July 10, 2008

1 min read

Pension funds not immune to volatility

Almost no one has been spared during the past year’s market meltdown, including pension plan sponsors. A Watson Wyatt report finds that in the past six months, pension funded ratios have been careering wildly due to extreme market volatility. In the first two months of the year, pension funded ratios dropped three points to 103%, […]

By Bryan Borzykowski |July 10, 2008

3 min read