Jade Hameon of the Investment Executive reports on the Ontario Securities Commission’s announcement of the agenda and panelists for a roundtable scheduled for September 18, 2017 to discuss the topic of discontinuing embedded commissions. Marian Passmore, Director of Policy and COO of FAIR Canada has been announced as a panelist to discuss discontinuing, or implementing additional standards for the use of the deferred sales charge purchase option. FAIR Canada supports the elimination of third-party payments or embedded commissions, and believes that banning embedded commissions from all investments is an essential step for Canadians to receive professional, objective advice free from damaging conflicts of interest. For more information on the roundtable, including the full agenda and list of speakers, click here. For FAIR Canada’s full submission on embedded commissions, click here.
FAIR Canada continues to support the elimination of third party payments or embedded commissions and other forms of conflicted remuneration. FAIR Canada believes that banning embedded commissions from all investments is an essential step so that Canadians can receive professional objective advice free from damaging conflicts of interest.