Author Archive
May 28th, 2018 We would like to thank CCIR and CISRO for inviting FSCA in commenting on the Draft Guidance for the fair treatment of consumers as part of the public consultation on this subject. The Financial Services Consumer Alliance (FSCA) is an informal alliance of consumers whose sole objective is to…
Shame on La Chambre Financiere for distorting the truth and misrepresenting the facts! Shame on La Chambre Financiere for exploiting the victims of fraud in order to justified its continued existence! Suzanne Legault is a victim of fraud. While battling cancer she entrusted her financial affairs to a licensed representative registered with the…
When I was managing the Manulife Independent Advisor Direct Channel in Quebec, I was contacted by a student who wanted to interview me. This student was enrolled into a college program called AEC Insurance and Financial Services that was supposed to prepare them in getting the knowledge and skills required to become a licensed representative….
Bill 141 would basically abolish the Chambre Financiere in Quebec and transfer the responsibilities of the Chambre to the AMF. But is this too much responsibilities for the AMF? There are evidence that the AMF has eroded the level of knowledge that a representative must have in order to be licensed. We can prove this…
There is a lot of noise surrounding the introduction of Bill 141 in Quebec which officially introduces regulations pertaining to insurance sales directly to the public without the involvement of a licensed representative. Considering all of the opposition this is generating among licensed representatives on the basis that this would put the consumer at risk…
MortG is a multi-function mobile application designed for mortgages. Available for the USA and Canada market, in French, English and Spanish, this app does it all from calculating payments, closing costs, pre-approval, rent/own analysis, paying down, refinancing, debt consolidation, penalties, buying point analysis, ARM vs VRM, Retirement Plan and Reverse Mortgage Analysis… Download Application…
MortG is a multi-function mobile application designed for mortgages. Available for the USA and Canada market, in French, English and Spanish, this app does it all from calculating payments, closing costs, pre-approval, rent/own analysis, paying down, refinancing, debt consolidation, penalties, buying point analysis, ARM vs VRM, Retirement Plan and Reverse Mortgage Analysis… Application Landing…
The Management Expense Ratio (MER) represents the combined total of all the fees applied to a Mutual Fund. This includes the management fee, operating expenses and taxes charged to a fund during a given year. It is expressed as a percentage of a fund’s average net assets for that year. As a Financial Application…
A potential court ruling allowing payments to increase on Variable Rate Mortgage as interest rates rise could lead to huge costs and even bankruptcy to consumers who have selected this type of mortgage. In an era of low interest rates, consumers were induced into buying homes they sometimes could not afford by being offered…
In the National Assembly, Quebec Minister of Parks, Wildlife and Forest Luc Blanchette stood during question period stating that “ providing fishing advice should not be an exclusive activity and to pretend that only fishing guides be allowed to provide fishing advice is too restrictive.” This was in response to the fishing industry’s uproar…
