IFB comments on Ontario’s 2017 Fall Economic Statement

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TORONTO, November 15, 2017 – Many proposals contained in the Ontario Fall Economic Statement affect members of Independent Financial Brokers of Canada (IFB) as financial advisors and small business owners.

IFB supports the government’s plan to develop legislation that will regulate financial planners in Ontario and restrict the use of titles related to financial planning. IFB has long held the position that those who call themselves Financial Planners should hold appropriate credentials to do so. In addition, other financial advisory titles, which do not accurately reflect the proficiency of the individual or firm, can be misleading or confusing to consumers seeking financial advice. IFB welcomes the government’s
intention to pursue both initiatives through extensive consultation with stakeholders. IFB looks forward to working with policy-makers and regulators to develop an effective framework.

“Ensuring that independent advice remains a viable choice for consumers is our mandate”, said Nancy Allan, IFB Executive Director. “IFB members partner with individuals and families in communities of all sizes across Canada to help them set and reach their goals in every phase of their financial life, including decumulation. It’s a natural fit for IFB to contribute to the development of strategies that will help retirees manage their savings in a sustainable way”.

To read the full Media Release, please click HERE.

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