Clients will receive their first enhanced annual report at the end of 2026
The new disclosure follows years of industry debate around the transparency of fees and the cost of financial advice. In 2016, regulators approved the first set of rule changes to investment statements, known as the second phase of the client relationship model, or CRM2.
As well, CRM2 did not include trading expense ratios, known as TERs, which cover the costs of trades executed by the manager overseeing the funds. “This additional transparency will help investors ask their dealing representatives and life insurance agents the right questions and make better informed decisions, which should ultimately result in better investing outcomes,” added Mr. Magidson, who is also the chair and chief executive of the Alberta Securities Commission.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tourmaline aims to double portion of gas shipped as LNG by 2026 - BNN BloombergTourmaline Oil Corp., which began shipping liquefied natural gas off the US Gulf Coast this year, could more than double the portion of its gas output that’s exported in liquefied form within three years.
Read more »
Igor Shesterkin Chris Kreider help New York Rangers rip New Jersey Devils in Game 1 | TSNIgor Shesterkin made 27 saves, Chris Kreider scored two power-play goals and the New York York Rangers stunned the New Jersey Devils 5-1 on Tuesday night in Game 1 of their first-round playoff series.
Read more »
What to watch out for in virtual meetings with clients as its popularity continuesAdvisors will need to use their judgment on issues such as undue influence from others during a remote call
Read more »
Chip maker TSMC expects drop in second-quarter sales as clients struggle to clear inventoryTSMC said industry inventory levels were currently higher than expected and would only ‘rebalance to a more healthy level’ in the third quarter
Read more »
Ariana Madix’s New Man Daniel Wai Shares Romantic Coachella Video With ‘Vanderpump Rules’ StarAriana Madix's new man, fitness trainer Daniel Wai, is sharing the special moments he had with the 'Vanderpump Rules' star during the first weekend of Coachella. Wai created a highlight reel from the music festival in Indio, California, and it heavily focuses on his time spent with Madix. In his caption, he references having an…
Read more »
'The height of unfairness': Metro Vancouver approves plan to reduce skyrocketing taxesMetro Vancouver's board has directed staff to adjust its upcoming budget to soften a rising tax burden on residents by boosting fees to developers. The proposal would see that annual fee increase drop to an average of $851 per household by 2026.
Read more »