Archive: Nov 2014

Interactive version of Fund Facts now available for Mutual Funds

10th Nov 2014

IFB Staff

Interactive version of Fund Facts now available for Mutual Funds

November is Financial Literacy Month in Canada, and to encourage investors to better understand investing in mutual funds, the Canadian Securities Administrators (CSA) has released a free, interactive version of a sample Fund Facts document. Taking this self-guided tour will help investors learn how to identify a fund’s principal investment, past performance, risk rating and cost. Fund Facts are written in plain language and are intended to make it easier for investors to understand the key features of the fund and to compare various funds.  Under current rules, investors must receive the Fund Fact for their mutual fund, within 2 days of a purchase, although they are readily available to the public before then on each fund company’s website or through your advisor. To […]

Full article

IFB in the news: New Rules for MGAs

07th Nov 2014

IFB Staff

IFB in the news: New Rules for MGAs

CLHIA releases compliance guidelines as part of its response to recommendations from regulators Insurance advisors could begin seeing more compliance audits and a higher level of oversight of their day-to-day sales activities by their managing general agencies (MGAs) as the industry adopts a set of standardized compliance practices for the MGA distribution channel. The Canadian Life and Health Insurance Association Inc. (CLHIA) recently released a reference document entitled MGA Compliance: A Risk-based Approach for Compliance Programs in the MGA Channel. This document is intended to serve as a guide for MGAs in developing compliance policies regarding advisor screening and monitoring, as well as other compliance responsibilities. Continue reading this article at Investment Executive

Full article