Industry News

More predictable rates of return could help advisors if BoC stays on course

(May 22, 2003) Financial advisors can expect a little smoother sailing — or at least a clearer idea about where the rate of return winds are taking their clients’ portfolios — if Paul Jenkins and the Bank of Canada make good on their inflation targets. Speaking this morning at the Economic Club of Toronto, the […]

By Art Melo |May 22, 2003

2 min read

Cartier Partners up for sale as Caisse pulls out

(May 22, 2003) The parent company of Cartier Partners Financial Group is putting the fund dealer up for sale. The move comes in the wake of a decision by the Caisse de dépôt et placement du Québec to divest its stake in Cartier. “The Caisse has decided to shift direction and focus on investments where […]

By Doug Watt |May 22, 2003

2 min read

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(May 23, 2003) Peak Financial has introduced new back office systems to ease the transition of independent advisors from one dealer to another. It has added Winfund to its Integra back office platform, which includes RPM Technology (RPM) and CTA Systemsource (MPS). “It is important for planners to reduce the non-productive time during the transition […]

By Staff |May 21, 2003

4 min read

Pension regulator warns plans to make sure benefits are affordable

(May 21, 2003) Acknowledging the devastation falling stock markets have wreaked on many employee pension plans, Canada’s top financial regulator says that plan sponsors and members must ensure they can pay for pension improvements, and he also feels the federal superintendent should have the power to roll back unaffordable enhancements. “As a pension regulator, I […]

By Scot Blythe |May 21, 2003

3 min read