Reining in Canada High Mutual Fund Fees

Reining in Canada High Mutual Fund FeesMutual fund fees are higher in Canada than elsewhere. And despite efforts to beef up disclosure, buyers are still in the dark about what they pay. Industry critics have talked about inflated fund ownership costs for years. Now there’s a discussion paper by the Canadian Securities Administrators that bolsters their case. This 50-page paper, posted at the Ontario Securities Commission’s website under News, can be a tough slog to get…

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To fee or not to fee? That is the question

To fee or not to fee? That is the questionAfter the financial crisis of 2008-09, governments around the world started looking at ways to make the investment business more ethical and transparent to consumers. Some countries are changing the compensation system for financial intermediaries. Instead of allowing product providers to pay commissions to product sellers, they want consumers to pay sellers directly for their services. Embedded commissions are hidden from consumers and represent a conflict of interest that makes…

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