Industry News

Let banks, insurers merge, feds told

The federal government should do away with restrictions on the financial services industry, including the de facto ban on bank mergers and the amalgamation of banks with insurance companies, according to the final report of the Competition Policy Review Panel. But the panel is not quite ready to advocate a completely unrestricted marketplace. It recommends […]

By Steven Lamb |June 26, 2008

3 min read

Briefly:

(June 26, 2008) The economy has still not recovered from slow-growth and troubles in the credit market, and another threat has arisen — inflation. The combination of all these negative factors has Desjardins Group economists suggesting Canada could be headed for a recession. After four straight months of pullbacks, the Canadian economy is at risk, […]

By Staff |June 26, 2008

3 min read

MDRT: Failing to offer GMWB could lead to liability

Advisors who fail to mention guaranteed minimum withdrawal products to clients could be leaving themselves open to legal liability, a U.S. lawyer and variable annuities expert says. John Huggard, a U.S.-based lawyer and retired law professor who now consults on variable annuities, believes GMWBs are the most important financial innovation for personal finance since the […]

By Mark Noble |June 26, 2008

5 min read

On The Shelf: PH&N lowers fund management fees, and more product news

Previous Brieflies this week: | MON | TUE | WED | THU | (June 25, 2008) Phillips, Hager & North Investment Management Ltd. (PH&N) announced management fee reductions to selected PH&N and BonaVista investment funds, as well as the reopening of the PH&N Vintage Fund. On June 27, 2008, management fees will be reduced on […]

By Staff |June 25, 2008

2 min read