Category Archive: Industry news

18th Jun 2021

IFB Staff

Why advisors are in a position to advocate for tax reform

Why advisors are in a position to advocate for tax reform

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18th Jun 2021

IFB Staff

Bank of Canada Should Keep Overnight Rate at 0.25 Percent over Coming Year

Bank of Canada Should Keep Overnight Rate at 0.25 Percent over Coming Year: C.D. Howe Institute Monetary Policy Council

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01st May 2020

IFB Staff

COVID-19 Resources for Financial Advisors

Mutual Funds and links to government programs: MFDA: https://mfda.ca/members/covid-19/ Canadian Federation of Independent Business (CFIB): Government programs and information helpline: https://www.cfib-fcei.ca/en Life/Health Insurance: CCIR/CISRO joint communication on Covid 19, April 2020: https://www.ccir-ccrra.org/Documents/View/3585; https://www.ccir-ccrra.org/Documents/View/3588 Life/Health insurance licensees should refer to the website of the insurance regulator in the province/territory they are licensed in to keep up-to-date on any changes affecting license renewals, and other regulatory guidance. Canadian Life and Health Insurance Association: Covid updates

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02nd Jun 2019

IFB Staff

IFB in the News

Susan Allemang, IFB’s Director of Policy & Regulatory Affairs, was quoted in an article published in the Globe Advisor: “Carrying dealers becoming essential to independent advisors”. “Independent advisors face a lot of competitive forces that are coming from robo-advisors, the banks and the very large, integrated [wealth-management] firms,” she says. “It’s a difficult situation because there is a lot of pressure on the independent channel.” To read the full article published by Globe Advisor, click HERE

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31st May 2019

IFB Staff

CLHIA announces withdrawal of Guideline G19

Click HERE to read the press release from CLHIA

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Regulatory changes

12th Apr 2019

IFB Staff

IFB responds to Ontario Government Budget

April 11, 2019. Mississauga. Independent Financial Brokers of Canada (IFB) welcomes the Ontario government’s commitment to ensure Ontario’s consumers of financial products can depend on a thriving and innovative financial services sector, delivered alongside a robust regulatory system which has, at its heart, a strong consumer protection mandate. “IFB recognizes that for these goals to succeed, those who are licensed and educated to provide advice to retail clients must be professional and proficient” said Nancy Allan, IFB’s Executive Director. “Fortunately, Ontario already has in place both a robust licensing system and system of regulatory oversight through its existing provincial securities and insurance regulators, and national SROs, IIROC and the MFDA. It is important to IFB – and IFB members – […]

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26th Sep 2018

IFB Staff

Vic Fedeli, Ontario’s Minister of Finance to open IFB 2018 Toronto Fall Summit

IFB is pleased to announce that Ontario’s Minister of Finance, the Honourable Vic Fedeli, will be the opening keynote speaker at the Toronto Fall Summit, on November 6, 2018.  The Ontario government has been taking new directions on a number of fronts, including financial services. Most recently, the government questioned whether the proposed changes to the client-advisor relationship, including banning DSCs, is the right direction for securities regulation. Come and hear what Minister Fedeli has to say about his government’s thinking on where financial advice and regulation is headed for Ontarians. Don’t miss this opportunity! Register today.

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Saving money

21st Jun 2018

IFB Staff

IFB responds to CSA announcement on its harmonized response to concerns with the client-registrant relationship

June 21, 2018 IFB welcomes the announcement today that Canadian Securities Administrators (CSA) members have reached agreement on a set of reforms to enhance the relationships between investors, advisors and firms.  IFB says the CSA has presented a balanced set of reforms that will be positive for investors, while not harming market competition by introducing certain changes that would have had a disproportionately negative effect on smaller, independent firms and advisors. “In particular, IFB is pleased that the CSA has not proposed a ban all embedded commissions”, said Scott Findlay, IFB’s Chair. “At an OSC roundtable on this topic, I said that – as an advisor myself – I share with many IFB members the concern that a ban on […]

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