Reviews of 319 insurance advisors in Ontario raise consumer protection concerns
Canadian wealth management, insurance advisory shops are hot properties as M&A activity ramps up
OSC asked to review OM exemption, beneficial ownership registry being examined
Life insurance coverage has increased over the past decade given larger mortgages and a higher cost of living
Reforms follow a review that found shortcomings in existing arrangements
Regulators has concerns about conflicts, consumer value and competition
New regime aims to enhance consumer protection, set industry standards
FSRA says higher fees due to rising technology, business costs
FSRA is also proposing a penalty of $80,000 for the individual involved
Regulator follows CISRO, FSRA with tougher exam administration policy