Industry News

Advocis Conference Update: Association fleshes out regulatory strategy

(May 12, 2005) Canada’s largest advisor association is adding some key new details in its ongoing campaign to transform the country’s regulatory regime. In a discussion paper released today at its national conference in Halifax, Advocis expands on its original proposal to separate the regulation of financial advice from securities transactions, suggesting a new, three-pronged […]

By Doug Watt |May 12, 2005

3 min read

Advocis Conference Update: Chair acknowledges drop in membership

(May 12, 2005) Outgoing Advocis chair Randy Reynolds says the country’s largest advisor association has lost nearly 20% of its members. Last year, Advocis substantially increased membership fees to deal with a revenue shortfall. In a surprisingly frank speech at the opening of the Advocis national conference today in Halifax, Reynolds conceded he failed to […]

By Doug Watt |May 12, 2005

2 min read

Ontario budget promises pension flexibility

(May 12, 2005) The government of Ontario tabled its 2005 budget Wednesday night, trumpeting increased spending for education and healthcare, while holding the line on taxes. While these are the headline items being heralded on the front pages this morning, buried deeper in the budget are provisions to offer pension fund managers more investment choices. […]

By Steven Lamb |May 12, 2005

2 min read

Investors flock to banks’ income offerings

(May 11, 2005) Investors continued on their conservative course over the 2005 RRSP season, pouring cash into income-oriented mutual funds and largely preferring the big banks’ offerings, according to industry consulting firm Investor Economics. A single fund has accounted for more than 10% of net fund flows in the first quarter of 2005, as the […]

By Steven Lamb |May 11, 2005

2 min read