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Wealth Professional | 13 Jun 2016, 08:15 AM Agree 0
The Investment Industry Association of Canada outlined its top priorities for the coming year at its June AGM, including its ongoing stance against a best interest practice
  • Harley Lockhart | 14 Jun 2016, 12:01 PM Agree 0
    Some mutual fund dealers have already begun reducing their offerings in anticipation of such a standard--Unintended consequence before the rule is even accepted. Similarly to banning commissions, this rule reduces customer choice. Perhaps, regulators should get serious about protecting consumers by publishing their one size fits all investment option.
  • Wealth Advisor | 14 Jun 2016, 01:27 PM Agree 0
    At least two big fund companies(one bank and one independent) are saying ( at least privately for now) that "best interest" is already a done deal.
    Working out the definition of "best interest" remains the challenging part.
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