| 

What’s New

Apr
13
2017
Recent research explains why active management dramatically increases the chance of underperformance of the benchmark index. The relative likelihood of underperformance by investors choosing active management likely is much more important than the loss to those same investors from the higher fees for active management relative to passive index investing. Oliver Renick of Bloomberg discusses the […]
Apr
04
2017
FAIR Canada has written an open letter to the Canadian Securities Administrators (“CSA”), the organization for provincial securities regulators, calling on them to act on a timely basis to address the sales practices at federally regulated financial institutions. While many of the bank employee revelations and consumer complaints relate to banking products (over which the […]
Mar
31
2017
Support by Minister for the Final Report of the Expert Committee on Financial Planning and Financial Advisory Services Regulation of Financial Planning and Restriction on Use of Titles FAIR Canada supports the Minister’s statement that the government will close the regulatory gap that currently exists and regulate those who hold out as financial planners. “We […]
Mar
29
2017
Read about the latest developments in Canada on majority voting here.
Mar
23
2017
FAIR Canada Supports Broad Level Recommendations FAIR Canada supports the broad level recommendations of the Final Report of the Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives. “We fully agree”, says Marian Passmore, Director of Policy and COO, “that anyone engaged with Ontario consumers in the provision of Financial Planning or Finance […]
Mar
02
2017
The Competition Bureau, Better Business Bureau, Option Consommateurs and other consumer protection groups revealed the top 10 fraud scams targeting Canadians in 2016. Click here to see what they are. Click here for FAIR Canada’s five rules to avoid investment fraud.
Mar
01
2017
So if you wrote 72 pages about the Best Interest Standard, it must be important. Can you tell me what the issue is in a nutshell? (Preferably, a nutshell that’s shorter than 72 pages?) Sure! Basically, FAIR Canada has been saying for years that investment firms and their advisors should have to act in their […]
Feb
07
2017
Rob Carrick writes about how securities regulators must be cautious in how they regulate so that the robo-advisor and on-line investing models are not stifled. He is of the view that the investment industry needs to improve its approach to assessing the risk profile of investors and that guidance to investors on discount brokerages should […]
Feb
06
2017
The SEC has issued an Investor Bulletin advising investors that they should be aware that alternative mutual funds hold non-traditional investments or use complex investment or trading strategies. The SEC warns investors of their unique characteristics and risks. It also compares these funds to hedge funds in the Bulletin. Finally, it notes that investors should keep […]
Feb
06
2017
The U.S. based Investor Stewardship Group has issued a framework consisting of corporate governance and stewardship principles. The Group – which includes BlackRock Inc., the Vanguard Group, T.Rowe Price Group Ince, RBC’s Asset Management division and MFS Investment Management – released the principles for institutional investors on January 31, 2017. While the corporate governance principles […]