Industry News

Critical insurance conference aims to boost awareness

(January 17, 2003) As the world’s first critical illness insurance conference kicked off in Vancouver, the chief organizer wasn’t shy in expressing his opinion that Canada trails the rest of the world significantly when it comes to critical illness knowledge. To the 350 advisors at the opening reception on Thursday night, many from Canada, the […]

By Sheila Avari |January 17, 2003

3 min read

Move slowly on regulatory reform, policy paper suggests

(January 16, 2003) There’s no need for Canadian regulators to rush into adopting U.S. style reforms, according to a policy paper commissioned by the Capital Markets Institute at the University of Toronto. In fact, wholesale acceptance of reforms like the Sarbanes-Oxley Act could impose “undue costs” on Canadian market participants, says the paper’s author, Christopher […]

By Doug Watt |January 16, 2003

3 min read

Millionaire clients want preferential treatment: Forrester

(January 16, 2003) More than half of Canada’s millionaires say they expect preferential treatment from financial firms because of their wealth, according to a Forrester Research report. The study also found that millionaires want personalized, proactive contact from their advisors. Fifty-three per cent of Canadians with more than $1 million in investable assets said they […]

By Doug Watt |January 16, 2003

2 min read

Fund sales’ losing streak hits nine months

(January 15, 2003) In a pattern similar to most of 2002, mutual fund sales finished in the red in December as nervous investors continued to redeem funds. Outflows reached $238 million last month, according to the Investment Funds Institute of Canada, the ninth consecutive month of redemptions. Similar to November, when outflows were $580 million, […]

By Doug Watt |January 15, 2003

3 min read