IFIC has raised objections to an IIROC proposal that would change the face of the industry.
To help dealers ensure they’re compliant, IFIC has released a summary of what regulators are looking for, both in terms of actual requirements and recommended practices.
IFIC and the IIAC are calling on the Ontario government to enact a general legislative framework for financial planners.
IFIC's board of directors will be led by PFSL Investments CEO John Adams.
Jane Rooney, a policy maker in domestic and international financial literacy issues, has been appointed as Canada’s first-ever financial literacy leader.
Mutual fund inflows surged in February, as last minute RRSP contributions drove net sales to $5.87 billion for the month. That’s up from $3.05 billion in January and $3.39 billion in February 2010. In the first two months of 2011 alone, net sales have totaled $8.92 billion, nearly double last year’s total of $4.46 billion. […]
IFIC announced late Monday that it would no longer include sales data for individual fund companies in its monthly sales report. Instead, IFIC will report on sales by asset class and CIFSC category. The decision comes after a string of major companies pulled out of offering such data to the group. “IFIC, as the official […]
The mutual fund industry beat sales forecasts in January 2011, with total net sales of $3.05 billion, topping The Investment Funds Institute of Canada’s preliminary forecast of between $2.45 billion and $2.95 billion. Total mutual fund assets ended the month at $641.8 billion, up $6.1 billion from December and a hefty $85.4 billion since last […]