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Shattering glass
Nancy McCulver* thought she struck gold when, in the late 1980s, she went to work for a large, multinational bank based in the U.S. The only woman on a team specializing in international mergers and acquisitions, with an eye on hedge fund management. Her science and math background certainly helped. The job involved complex matters often culminating in high-stress situations, and working 14- to 16-hour...
Case study: a family’s financial plan
Liz and Phil Royal are a typical Canadian entrepreneurial couple: Close to retirement, oodles of retained earnings and no coherent plan for retirement. They are the prototypical case offered to the 100 registered financial planners who gathered for the sixth annual Institute of Advanced Financial Planners (IAFP) conference in September in Regina.
To understand some of the...
Active managers fare better in bear market
According to the recently released Russell Active Manager report, 65% of large cap Canadian equity active managers beat the benchmark during the extreme volatility of the third quarter of 2008.
According to the report, this is the highest rate of outperformance since the first quarter of 2007, with the number of active managers beating the benchmark in the third quarter, up from 41% in the second...
Regulators, insurers must focus on risks: OSFI
International regulators should narrow the focus of their mandates, while insurers must re-evaluate their use of modeling, according to the head of the Office of the Superintendent of Financial Institutions (OSFI).
Speaking at the National Insurance Conference of Canada (NICC) in Ottawa, Superintendent Julie Dickson told a ballroom of C-suite professionals in the P&C space that new risk transfer...
Romana King is a Toronto-based writer, editor and blogger for business and lifestyle publications and a licensed realtor with Century21. Romana currently writes a regular column and blog for MoneySense magazine that focuses on home owner and real estate issues. She has regularly contributed to Business Edge, CI Top Broker, Advisor.ca, Advisor's Edge, Check UP!, CBC.ca, Toronto Sun and the Toronto Star.