MFDA releases guide to new CRM2 reports for investors

first_img Share this article and your comments with peers on social media The Mutual Fund Dealers Association of Canada (MFDA) has released a resource for investors that provides them with information on understanding the new cost and performance investment reports mandated under the second phase of the client relationship model (CRM2). CRM2 fee disclosures fail to enlighten, empower investors: report Tessie Sanci MFDA releases guide to new CRM2 reports for investors First enforcement, now an exemption TD Waterhouse fined $4 million for ignoring CRM2 Keywords Client relationship modelCompanies Mutual Fund Dealers Association Related news The MFDA Investor Guide to Compensation and Performance Reports uses sample reports created by the self-regulatory organization to provide an overview of the new statements. It also includes a glossary for the descriptions of fees and charges that investors will see on their new statements. “This initiative is part of the MFDA’s commitment to provide plain-language materials to investors in order to assist them in understanding products, performance, cost and the advisory process,” says Mark Gordon, president and CEO of the MFDA, in a statement. “We created the Investor Guide to provide investors with key information on how they can use the new compensation and performance reports to better evaluate their investments, and the value of advice that they have received,” he adds. The Investor Guide is currently available on the MFDA’s website. Photo copyright: stnazkul/123RF Facebook LinkedIn Twitterlast_img read more

Automatic! Windies qualify for T20 World Cup

first_imgDUBAI, United Arab Emirates, CMC – Reigning champions West Indies have qualified automatically for next year’s Twenty World Cup in Australia. The Caribbean side booked their spot by virtue of their current seventh place in the ICC T20 rankings at year end, with the top eight teams including hosts Australia, all securing their places at the showpiece.Minnows Afghanistan, coached by Trinidadian and former West Indies head coach Phil Simmons, also qualified directly by virtue of their eighth place in the rankings.Former champions and three-time finalists Sri Lanka, ranked ninth and Bangladesh, 10th, will have to go through the group stage of the tournament with six other qualifiers in order to make the Super 12s. Six teams from the ICC T20 World Cup Qualifier later this year while join Sri Lanka and Bangladesh in the group stage, with four qualifying to the Super 12 stage.West Indies won the T20 World Cup for the second time back in 2016 when they beat England in a dramatic final in Kolkata.Since then, their form has been erratic, however. In 2017, they won six of 11 matches and last year, managed a mere two wins in 13 outings, while losing to Pakistan and India in 3-0 clean sweeps. For the Windies, the news of their direct qualification will be welcomed, especially after the disappointment of missing out on a direct route to the ICC 50-overs World Cup in England next May.They were forced to go through a 10-team qualifier in Zimbabwe last March in order to book their place at an event they have won twice.Top-ranked Pakistan, India, England, Australia, South Africa and New Zealand are the other automatic qualifiers for next year’s T20 World Cup from October 18 to November 15.last_img read more