Regulator proposes minimum competency requirements for advisor, planner titles
The next step is developing rules for who can use "financial planner" and "financial advisor"
Proposal is one of several set out in SRO's priorities for the current year
Having regulations in place by 2021 is probably a “best case” scenario, says the CEO of FSRA
The association's budget submission also makes recommendations on annuities and taxes
Stakeholders must continue working together to ensure all Canadians have the tools they need to achieve financial wellness
If consumers' interests are not at the heart of this initiative, it may do more harm than good
Saskatchewan has joined Ontario in regulating "financial planner" and "financial advisor"
The draft statement includes details on title protection framework
Details are few, but flexibility is a key theme