Industry News

IFB welcomes disclosure guidelines for life agents

(December 23, 2004) The Independent Financial Brokers of Canada (IFB) is happy with new compensation disclosure guidelines produced by the life insurance industry association and has sent a sample disclosure document to all its members. The new standards, released on Tuesday by the Canadian Life and Health Insurance Industry Association (CLHIA), require that all sales […]

By Doug Watt |December 23, 2004

3 min read

Bank workers seek to unionize

(December 22, 2004) TD Canada Trust employees in Sudbury, Ontario are interested in joining a union. The United Steelworkers of Canada filed an application to represent the workers on Tuesday after an “overwhelming” majority said they would support the move to unionize. The 100 staff work at eight branches in the northern Ontario city, and […]

By Doug Watt |December 22, 2004

2 min read

Caisse to ban soft dollars

(December 22, 2004) One of the country’s largest money managers is banning soft dollar commissions on equity and derivatives trading. The Caisse de dépôt et placement du Québec says the move will take effect January 1, 2005. “In this regard, the Caisse is following the best practices recommended by various international supervisory bodies,” the financial […]

By Doug Watt |December 22, 2004

2 min read

Canadians to work through retirement: Poll

(December 21, 2004) Canadians are less concerned about their retirement plans, perhaps because they expect to continue working later in life, according to the 2005 TD Waterhouse RSP Poll. The survey found that two-thirds of respondents were not “stressed out” about their retirement planning. “The findings are further evidence of a major shift in how […]

By Steven Lamb |December 21, 2004

3 min read