Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
Positive industry trends were the most prominent factors
The move follows a regulatory warning earlier this year to stop DSC sales of seg funds
TD launched a carbon credit ETF, while Equitable Life has 12 new seg funds
Consultation on improving, harmonizing fund disclosure remains open until July 27
Some advisors have moved from DSCs to seg funds with chargebacks
CSA, CCIR propose new cost reporting requirements for investment and seg funds
Segregated fund families: Swing from value to growth helped some fund families while hindering several large firms
The company's fourth quarter results were also strong