The vast majority (88%) of Canadian investors would like to determine for themselves how they pay for financial advice after indications that banning third-party commissions in the UK and Australia has led to an advice gap.
The world’s most popular investor visa programs face uncertain futures and leave many prospective immigrants in limbo, warned the chair of the Global Investor Immigration Council (GIIC).
RBC Global Asset Management, the asset management arm of Royal Bank of Canada, has taken on Ken Tam as head of Asia.
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
A group promoting Canadian sovereignty has raised 80% of the funds required to take the Canadian Government to court for providing residents’ details to the US for its Foreign Account Tax Compliance Act (FATCA).
Brandeaux has sold its troubled property portfolio, Liberty Living, to the Canada Pension Plan Investment Board for £1.1bn allowing it to return nearly all of its shareholders money.
RBC Wealth Management, part of the Royal Bank of Canada, has appointed David Foster as head of fiduciary services at its Channel Islands-based fiduciary business, RBC Wealth Management International.
Standard Life has confirmed the sale of its Canadian business for £2.2bn (C$4.0bn, 2.9bn).
Uncertainty around changing pension policy in the UK is the biggest worry for financial advisers ahead of the 2015 general elections, new research reveals.
The seal of approval has been given by Standard Life shareholders to sell the company’s Canadian business to Manulife for £2.2bn.
Canada has become the latest country to agree to implement the US Foreign Account Tax Compliance Act‚ in spite of what some of its politicians have said has been its southern neighbour’s occasionally heavy-handed efforts in recent years to extract unpaid taxes and penalties from Canadians.
Canada’s immigration minister has unveiled plans for a scheme to attract foreign entrepreneurs that he says will make Canada “the destination of choice for the world’s best and brightest to launch their companies”.
