Industry News

Fund sales rebound slightly in May

The mutual fund industry managed to post modest net sales in the month of May, according to the Investment Funds Institute of Canada, with net new money estimated at between $2.2 billion and $2.71 billion. Fortunately, strong market performance helped boost industry assets under management. Net assets of the mutual fund industry at the end […]

By Steven Lamb |June 4, 2008

2 min read

Briefly:

Mary Forrest, head of North America (Life), Munich Reinsurance Company Mario Georgiev, president, Optimum Reassurance Inc. Gordon Henderson, president and CEO, BMO Life Insurance Company D. Allen Loney, president and CEO, The Great-West Life Assurance Company/London Life Insurance Company/The Canada Life Assurance Company Donald A. Stewart, CEO, Sun Life Financial Inc. • • • Fidelity […]

By Staff |June 4, 2008

3 min read

Alberta sole holdout on incorporation

New Brunswick is the latest province to allow Mutual Fund Dealer Association members to incorporate, leaving Alberta as the only jurisdiction that forces advisors to act as individuals. The move toward incorporation meant the New Brunswick Securities Commission (NBSC) had to suspend MFDA rule 2.4, which states that advisors have to be paid as individuals. […]

By Bryan Borzykowski |June 4, 2008

3 min read

Ontario gives boost to advisor training

A training program aimed at producing the next generation of financial advisors has received an important shot in the arm. The province of Ontario has officially recognized Seneca College’s Financial Services Practitioner program under the Ministry of Colleges, Training and Universities. While the industry itself ages, there are fewer young advisors coming into the market, […]

By Steven Lamb |June 4, 2008

3 min read