UK, U.S. regulators have switched focus from principles to rules
Panelists to discuss regulatory reform in U.S., UK
Long-term funds gather almost $2 billion in net sales
Long-term fund sales strong
Reducing RRIF minimum withdrawals to reflect longer lifespans is among the recommendations sent to the finance committee
Changes required to balance proposed “Do Not Email” bill
Fund assets rise 2%
But preliminary data reveal that investors are drifting out of money market funds and back into long-term funds
Nearly $2 billion flows into long-term funds in June
Industry assets up 9.7% in second quarter