Archive: Dec 2014

FSCO Bulletin: Borrowing to Purchase Life Insurance Products

23rd Dec 2014

IFB Staff

FSCO Bulletin: Borrowing to Purchase Life Insurance Products

The Financial Services Commission of Ontario (FSCO) has released a bulletin to remind life insurance agents of their responsibilities when recommending life insurance and insurance-related investment products and strategies to clients. To help identify risks and ensure suitability, FSCO outlines a number of guidelines that life insurance agents should be aware of. See all of those guidelines in the bulletin. Click here to read the full bulletin.

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IFB comments on Canadian National Strategy for Financial Literacy, Phase 3

23rd Dec 2014

IFB Staff

IFB comments on Canadian National Strategy for Financial Literacy, Phase 3

Independent Financial Brokers of Canada (IFB) is pleased to contribute our comments to Phase 3 of this consultative process, which focuses on young Canadians and adult. We agree that early exposure to financial learning is an integral step for children to develop sound long-term attitudes toward spending and saving. Parents, the educational system, and organizations that provide services to children and youth (such as Junior Achievement, 4H, Boy Scouts, Girl Guides, etc.) are at the forefront of influencing such behavior in children and young people. We note that a number of interesting and engaging ideas were presented in November at the Financial Literacy conference in Vancouver from various organizations, including those representing students and youth groups. Links to these on […]

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IFB comments on Canadian National Strategy for Financial Literacy, Phase 2

16th Dec 2014

IFB Staff

IFB comments on Canadian National Strategy for Financial Literacy, Phase 2

Independent Financial Brokers of Canada (IFB) is pleased to offer our comments on Phase 2: Priority Groups. We support the Financial Consumer Agency of Canada’s goal to establish a national financial literacy database which will link, and build upon, existing materials and resources, and connect potential users with this information. Consumers will be able to source resources within their own community, and local program providers can use it to craft programs specific to the needs of their target groups. IFB also supports expanding the development of financial tools and materials that are explained in plain language. This is an important step toward helping consumers understand the everyday financial services and products they use most often, such as service fees and interest […]

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IFB Comments on the Cooperative Capital Markets Regulatory System

09th Dec 2014

IFB Staff

IFB Comments on the Cooperative Capital Markets Regulatory System

Today Independent Financial Brokers of Canada provided comments, on behalf of its approximately 4,000 financial advisor members, on the proposed Cooperative Capital Markets Regulatory System and its accompanying draft legislation: the Provincial Capital Markets Act (PCMA) and Capital Markets Stability Act (CMSA). Click here to read the full position paper.

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