Insurers under the microscope “[The new documentation] will either give the regulators comfort that the current system is working to a large extent or will identify gaps or areas that need to be strengthened,” says Susan Allemang, head of regulatory and policy affairs at the Independent Financial Brokers of Canada in Mississauga, Ont. “If [the data] show that there are areas that pose higher risks, then I would expect that the regulators would take action – they’ll take steps to address those deficiencies.” To read the full article in Investment Executive, please click HERE!
Independent Financial Brokers of Canada (IFB) today joined forces with a coalition of associations in a campaign objecting to a possible federal tax on private health care plans. IFB is concerned about the negative impacts of such a tax, and joined the coalition to add its support for a more fulsome discussion. There is widespread concern that if the premiums become taxable, many employers – especially smaller employers – will discontinue or reduce coverage, leaving thousands of Canadians without affordable means to access extended health, dental and other mental and physical care services, not covered under provincial health care plans. Today, some 24 million Canadians are covered under private or employer sponsored benefit plans. “At a time when provincial health […]
Introducing Coming Up Next™, the new way to think about growth for your practice. Exclusive to IFB members, Coming Up Next™ allows you to set and work towards your transition goals all in one place, locate advisors interested in achieving similar goals, and start conversations with those advisors on a secure and private platform. We’re really excited to launch this platform, and are now taking registrations for our waiting list. In order to activate your registration and gain full access to the Coming Up Next™ platform, all you’ll need to do is subscribe to Coming Up Next™ when you renew your membership for 2017. Renewals will be open very soon! In the meantime, we’ve got some really cool giveaways for our early adopters who join the […]
August 31, 2016 IFB Elects New Chairman, Board Members, at its 2016 Annual General Meeting TORONTO – IFB, the national association representing independent financial advisors, met yesterday in Toronto to elect Board members and Executive positions. In his remarks at the meeting, outgoing Chair, John Dargie, reflected on his five years in leadership of the IFB Board, and the importance of independent financial advice for Canadian consumers. Scott Findlay was elected to serve as IFB’s Chair and President. Mr. Findlay has been a long-time Board member for IFB, and is a principle at Valley-Wide Financial. He holds a BA in Economics from Western University and is a Certified Financial Planner. George Biggar of St. Catharines ON was elected to serve […]
Retiring Soon? is a new, web-based tool providing a centralized source of unbiased retirement information, with links to provincial and federal programs, to assist people who are close to retiring. It is free and accessible on multiple formats. Information on the site is organized into 4 main areas: Workplace, Money, More than Money and Ready, set, retire. “I think financial advisors will welcome this new resource as one more tool they can use in assisting clients plan for a successful transition from the workplace to retirement.” – Nancy Allan, Executive Director, Independent Financial Brokers of Canada Click the link below to check out this web-based resource for consumers. https://www.clhia.ca/rs/en/index.html
How do I take my financial practice to the next level? What sort of professional liability coverage do I need? How do I prepare my business for a different phase in my career? Those are just some of the questions that financial advisors have asked us about. With those sort of questions, and many others, in mind, Independent Financial Brokers of Canada is addressing those inquiries with a new biweekly podcast, Financial Practice Made Perfect. We speak with industry experts and leaders to help independent financial advisors learn how to strengthen their businesses. You can listen to episodes of Financial Practice Made Perfect here on our site, and on SoundCloud. You can also listen and subscribe to the show on […]
Independent Financial Brokers of Canada (IFB) is pleased to announce the forging of a new partnership with the Conseil des professionnels en services financiers (the Conseil) that will initiate a coordinated effort to provide training for financial services professionals. The new alliance will give IFB a chance to expand its reach as a professional association to more advisors in the province of Quebec. IFB’s existing, cross-Canada membership base and experience offering continuing education to advisors will bolster the Conseil’s ability to offer high quality training services to Quebec’s English-speaking markets. “Our organization has been fighting for thirty years for the rights of independent financial professionals in Canada, but we have not yet achieved the same stature in Quebec that we […]
BC requires a statutory review of the Financial Institutions Act (FIA) & Credit Union Incorporation Act (CUIA) every 10 years. To prepare for this review, the government issued an initial consultation paper to gather input from stakeholders on whether certain proposed changes would improve the regulatory framework. IFB submitted our comments, concentrating on the sections that may affect our members in BC. In summary, we supported a national database to share regulatory information, a mandatory licensing structure for anyone selling insurance products to consumers – including insurance sold incidental to the purchase of another product, removal of the current 25% cap on rebating, and the need for insurance transacted by consumers online to have access to a licensed advisor at […]