A new infographic explains the “myth of the successful money manager”, showing that active management underperforms and is not worth the high cost. It points out that the cheapest funds are some of the most successful.
If financial giants enter the robo-adviser space will we see an increased number of platforms push their own proprietary products and, in turn, push out innovative, independent robo-advisers? David Pett discusses here.
Sales of segregated funds were $243 M in March 2015 compared to 144.1 M in March 2014. Are more of these products being sold to avoid the disclosure requirements associated with CRM2? Clare O’Hara discusses this issue here.
The International Organization of Securities Commissions (IOSCO) has published a new report which is the result of surveying its member securities regulators. The survey topics included the type of fraudulent scheme that led to investors being victimized, the common characteristics of investment frauds, the common characteristics of victims, and strategies […]
James Langton has highlighted findings from the UK’s Financial Conduct Authority on structured products noting that more needs to be done to protect consumers given their complexity and behavioural biases. The UK survey found that consumers over-estimated the expected returns on structured products and needed to be offered relatively high returns […]
The OSC has indicated that the report on mutual fund fees will be released this summer and a decision on banning trailing commissions will not be forthcoming until March 2016. FAIR Canada supports a careful, reasoned decision on this issue but wishes it would proceed more quickly.
The Omega Foundation has launched a new “Start My RESP” Internet portal that allows Canadians who have a child born January 1, 2004 or after and who qualifies for the National Child Benefit Supplement to apply online for the Canada Learning Bond…