Market that inspired CRM2 now in the hot seat

Market that inspired CRM2 now in the hot seat

8 Comments
  • David Atwood 2015-10-15 10:24:17 AM
    While banks in Australia and Canada are large beneficiaries of the management fees generated on money products, the new disclosure obligations are intended for the protection of consumers. The decision to focus on advisor compensation only and not the management expense to the investor has the potential to favor manufacturer/distributors and it is sure undermine confidence and lead to greater confusion as advisors are tasked with explaining the difference.
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  • Gerald Curtis 2015-10-15 11:38:33 AM
    Seems all is not well in investor paradise ;)
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  • Barb Amsden 2015-10-15 11:42:05 AM
    Interesting article - defined contribution plans in Canada - I don't think they are subject to CRM2 disclosure. Hmm.
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