FPSC in the News
Some of the publications FPSC has appeared in include:
What to do every time you see a scary headline; a hot dividend stock; and banks take over the TSX
Ontario targets unethical financial advisers with new industry measures: The Ontario government announced new measures on Friday aimed at protecting investors from unethical advisers and enhancing oversight of the financial services industry, writes Tim Shufelt and Janet McFarland. New legislation will be proposed giving industry regulators the right to enforce disciplinary action and fines through the courts, Finance Minister Charles Sousa said in a speech at a financial advice conference in Toronto.
The Globe and Mail
Ontario ready to shake up financial industry
If you’ve been focusing on CSA’s proposed reforms, it’s time to switch gears. The Ontario government is close to implementing its own, very similar changes.
Ontario targets unethical financial advisers with new industry measures
The Ontario government announced new measures on Friday aimed at protecting investors from unethical advisers and enhancing oversight of the financial services industry.
The Globe and Mail
Province in favour of Expert Committee’s proposed rules for advisors, financial planners
Ontario’s government intends to work with the province’s financial regulators on many of the Expert Committee’s recommendations.
Call for standards
Committee proposes restrictions on the use of advisors' titles.
FPSC and IQPF re-release financial projection guidelines
The Financial Planning Standards Council (FPSC) and Institut québécois de planification financière (IQPF) have re-released the unified projection assumption guidelines, which were developed by actuarial and financial planning experts on the Projection Assumption Standards Committee.
L’IQPF complète ses Normes d’hypothèses de projection (The IQPF completes its Projection Hypothesis Standards”)
The Institut québécois de planification financière and the Financial Planning Standards Council publish an Addendum to the 2016 Projection Assumption Standards , announced yesterday the IQPF and the FPSC.
FPSC, IQPF issue updated guidelines for financial planners
The re-released 2016 guidelines include new insight into the sources used to develop the projections, along with some historical data.
Regulation of planners on way?
The Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives submitted its final report March 16.
The report calls for titles that would be "absolutely clear" about the services and products being provided to the consumer by those whose title includes the word "adviser." There seems to be a clear recognition special rules are required for those who purport to provide advice, versus those who only provide products or services. There would be significant restrictions on those who may hold themselves out as financial planners, including naming a credentialing entity or entities to require and enforce standards.
Winnipeg Free Press
Smart Ways To Pay Off Your Mortgage Faster (Video)
No matter what phase of life you are in, there is always a desire to save money and pay down debt faster. Financial expert Kelley Keehn shows three viewers how they can change their financial reality and save money for a rainy day.
The Marilyn Denis Show
As federal budget looms, author/advocate suggests household anti-budget: An exercise in awareness and behavioural change (Audio)
Kelley Keehn talks about a 30-Day anti-budget way to save money.
CJME Morning Show, 980 CJME Radio (Regina)
Expert Committee’s final report recommends new rules for advisors, financial planners
The report makes several recommendations dealing with titles and credentials that are likely to have a significant impact on many in the investment industry.
FPSC praises Ontario Expert Committee’s final report as a victory for consumers
The Financial Planning Standards Council (FPSC) says the final report by the Ontario Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives is an important step toward protecting consumers.
The Insurance & Investment Journal
How to stick to your personal financial plan (Video)
Kelley Keehn shares some tips on how to make a personal or household budget and actually stick to it.
CTV Edmonton Morning Live
FPSC Comments on Ontario Expert Committee Final Report: Financial Advisory and Financial Planning Policy Alternatives
Financial Planning Standards Council (FPSC) is pleased to comment on the final report and recommendations ('the Report") of the Ontario Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives (the Expert Committee).
Fraud in 2017: Romance, Phishing, and CRA Scams (Audio)
In 2016 the Canadian Anti-Fraud Centre (CAFC) received 77,348 mass marketing fraud complaints with a total reported dollar loss of $99,198,188. That's a big number, but CAFC believes that fewer than 5% of victims file a report. It's likely that because of the unreported instances, victims lost approximately $2 billion in Canada due to mass market fraud in 2016. Fraudsters keep coming up with new scams, so it's important to be aware of the new scams, and understand how to protect yourself and your loved ones.
Debt Free in 30
Avoid energy-draining clients
They may bring in the money, but are strength-draining, demand-making clients worth the time and effort? “You don’t want the energy vampires and we all know what those are – people who suck everything out of you all the time,” said Grant Gold, a partner at Toronto-based Ricketts Harris LLP, practising in the area of family law.
The Insurance & Investment Journal
Your money, my money: How spouses annoy each other in retirement
A series of videos on women and money is offered by the Financial Planning Standards Council, which oversees the CERTIFIED FINANCIAL PLANNER designation in Canada. The topics are: Why women stress more about money, women and financial self-confidence, building money confidence, and women and financial planners.
The Globe and Mail
Keeping up with the Criminals: What’s in fashion, in the world of fraud (Audio)
Scammers are getting very creative these days. Personal finance expert Kelley Keehn will be here with some tips on how to keep your money safe. We’ll talk to Sean Cooper, the controversial author of a new book called “Burn Your Mortgage”. Plus we’ll have a look at “niche advisors”, those that focus on a very specific group of clients, like educators or dentists. And we’ll speak to the co-founder of “The Remote Way”, a start-up that wants to make it possible for you to do your job from anywhere.
Moolala: Money Made Simple (SiriusXM Satellite Radio)
March is Fraud Protection Month: Tips & Advice to Help You Out (Audio)
March is Fraud Prevention Month. This year marks the 13th anniversary of the annual education and awareness campaign that began in 2004 by encouraging Canadians to recognize, reject and report fraud. Spearheaded by the Competition Bureau, Fraud Prevention Month is a unique effort that brings together over 80 law enforcement agencies and public and private sector organizations to combat fraud. During the month of March, the Bureau and its partners in the Fraud Prevention Forum carry out numerous activities and host a variety of events to inform Canadians about the impact of fraud and how to protect themselves.
The Night Side with Barb DiGiulio, NEWSTALK 1010 Radio (Toronto)