Industry News

CIFPs conference update: Expert reveals three-step plan for practice profitability

(June 15, 2004) Advisors targeting high net worth (HNW) clientele need to return to their roots as relationship-builders to win the clients they seek, according to Pierre McLean, vice-president of national sales with Franklin Templeton Investments. “Many of you now find yourself managing assets perhaps at the expense of what made you successful in the […]

By Steven Lamb |June 15, 2004

3 min read

IDA conference update: Oliver calls for super self-regulator, more enforcement muscle

(June 14, 2004) IDA president and CEO Joe Oliver says the financial services industry and the public it serves might well be better off with a single self-regulatory organization combining the regulatory powers of the IDA, the MFDA, the TSX and the Montreal Bourse. “We could create a single organization that would be functional for […]

By Darin Diehl |June 14, 2004

2 min read

Bank of Canada warns on pension deficits

(June 14, 2004) The Bank of Canada is warning that most of Canada’s corporate defined benefit (DB) pension plans are still facing a deficit, despite the positive returns made on the stock market in 2003. In its Financial System Review released late last week, the central bank says the majority of DB pensions were in […]

By Steven Lamb |June 14, 2004

2 min read

IDA conference update: U.S. regulators overreacting to fund scandals, says MFS chair

(June 14, 2004) U.S. regulators are going too far in their response to a series of mutual fund scandals, proposing new rules that are both overly prescriptive and costly, says a senior fund industry executive. Robert Pozen, appointed chair of Boston-based MFS Investment Management earlier this year, spoke Monday morning at the IDA’s annual conference […]

By Doug Watt |June 14, 2004

3 min read