Thursday, March 08, 2007

No-limit investment protection?

Canadians’ retirement savings are vulnerable because any amount above $100,000 in a registered account, such as an RRSP, a RRIF, a LIRA or a LIF, at a single financial institution is not insured against the unlikely — but not impossible — event of a default, says David Newman, principal director of Oakville, Ont.-based Fiscal Agents Inc.


Tuesday, March 06, 2007

US Trend: Insurers said to steer reps to in-house wares

Regulators are concerned that insurers are using incentive programs that may lead a salesperson to steer business or dummy-up quotes. MetLife in January was sued for allegedly providing secret incentives to its advisers to meet quotas for sales of its proprietary mutual funds and life insurance policies.


Sunday, March 04, 2007

Phenomenal February fund sales of $7.8-billion are best since 1998

Investors pumped an estimated $7.8-billion into Canadian mutual funds last month as they poured money into registered retirement savings plans. It was the best February showing since 1998 when the industry reported $7.5-billion in net sales.


 

This web site Copyright © E mail Pro-Seminars   Privacy Statement