Industry News

Pension plan ratios conflict and confuse

Hot on the heels of a Watson Wyatt report that said pension funding ratios were at their highest in five years comes a Mercer release revealing that the Mercer Pension Health Index is no better funded than it was a year ago. In fact, funding ratios ended the year with a 2% net loss. “The […]

By Bryan Borzykowski |January 15, 2008

5 min read

Briefly:

(January 14, 2008) The Financial Planners Standards Council has announced the results for the November 2007 sitting of the CFP exam. Of the 815 candidates who wrote the test, 365 (or 45%) passed. The pass rate was slightly higher for first-time writers of the exam, at 52%. The November 17 examination was held in 51 […]

By Staff |January 14, 2008

5 min read

Cut capital gains tax on small businesses: IIAC

With the federal budget announcement a couple of months away, the Investment Industry Association of Canada has released its annual budget recommendations. The organization wants the federal government to focus on small business, especially after giving tax breaks to large companies in its October 30 mini-budget. “From our perspective, the element that is really missing […]

By Bryan Borzykowski |January 14, 2008

3 min read

Fund sales will slow, advisors prosper: U.S. study

While mutual funds will remain the most popular investment vehicle, the business of selling them will see diminishing growth over the next four years, at least in the U.S., according to a study by Boston-based Financial Research Corporation. According to the FRC study, entitled Mutual Fund Market Sizing, 2007–2012: An Analysis of Channels, Sales, Assets, […]

By Mark Noble |January 14, 2008

4 min read