Doing well last year meant preserving capital and minimizing losses
FSRA also reiterated that it wants clients to be protected from seg fund deferred sales charges, regardless of when the funds were purchased
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
Positive industry trends were the most prominent factors
The move follows a regulatory warning earlier this year to stop DSC sales of seg funds
TD launched a carbon credit ETF, while Equitable Life has 12 new seg funds
Consultation on improving, harmonizing fund disclosure remains open until July 27
Some advisors have moved from DSCs to seg funds with chargebacks
CSA, CCIR propose new cost reporting requirements for investment and seg funds