Industry News

Benefit plan advice a huge opportunity

Canadians are not keeping up with the rapid pace of changes in their employer-sponsored retirement plans, as defined benefit plans are scrapped in favour of defined contribution plans and group RRSPs, according to a study by T.E. Wealth. Rather than lament the loss of guaranteed retirement income, the firm suggests advisors view this climate of […]

By Mark Noble |July 24, 2007

3 min read

Briefly:

(July 23, 2007) While some rules are made to be broken, most are not. The B.C. Securities Commission announced Monday that Edward Bernard Johnson has been suspended and fined for breaking IDA rules. Between April 2000 and September 2004, Johnson let Stanley Steven Ross, who was already prohibited from trading securities, trade in a client’s […]

By Staff |July 23, 2007

2 min read

Survey says more young adults saving for retirement

Still, the fact that they’re even thinking about saving says a lot. A recent Benefits Canada report says that of 500 30-year-olds, 69% think that saving for retirement is something they’ll be focusing on in the next 10 years. The survey also says 41% have already put aside money for the future. To the 59% […]

By Bryan Borzykowski |July 23, 2007

3 min read

Briefly:

(July 20, 2007) Robert Franklin Leer, a British Columbia–based advisor who traded securities on behalf of a client through channels not authorized by his firm, has agreed to pay $10,000 to the MFDA. Leer had admitted to selling company shares that belonged to an elderly client in 2003 for more than $20,000. The problem was […]

By Staff |July 20, 2007

2 min read