​Also read: Ontario’s mutual fund industry contributes big time to the economy

​Also read: Ontario’s mutual fund industry contributes big time to the economy

3 Comments
  • Harley Lockhart CLU CHFC 2014-11-21 2:11:20 PM
    If regulatory change by CSI mimicking changes in UK resulted in the same 25% reduction in the number of advisors, what impact would that have on the Ontario economy? 25% of 44,413 is bad enough, but 25% of 119,100 jobs lost! Let's tread carefully with regulatory change and make sure any benefit outweighs the cost!
    Post a reply
  • Carolyn Campbell 2014-11-21 2:19:07 PM
    Due to the change in a major number of pensions to defined contribution has contributed to the growth of the industry as well.
    Post a reply
  • Will Ashworth 2014-11-24 8:23:16 AM
    Harley's bang on. While it's understandable to question the current system, we don't necessarily want to throw the baby out with the bathwater.

    Cost reasonableness, however, is something the financial services industry doesn't seem to grasp in Canada so this latest push by IIAC does seem warranted.
    Post a reply