Archive For The “Financial Services” Category
May 28th, 2018 We would like to thank CCIR and CISRO for inviting FSCA in commenting on the Draft Guidance for the fair treatment of consumers as part of the public consultation on this subject.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…
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…
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…
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…
It is absolutely amazing to see the amount of disinformation distributed by various parties on the subject of mortgage life insurance. Is this done on purpose? What are lawyers saying? Click here to see sharelawyers. Here is a lawyer website discussing mortgage life insurance. It amazes me to see how many lawyers have no clue…
« When I chose to only deal with professionals, I never would never have thought I was choosing a life of solitude. In Canada, when we are faced with choosing between simplicity or truth, Canadians have a culture of always choosing the easy way out. » Richard Proteau (reflection on financial services and financial industry). Have…
SUMMARY: POST UNDERWRITING APPLIES EQUALLY TO BOTH TRADITIONAL INSURANCE AND MORTGAGE LIFE INSURANCE. ANYONE STATING OTHERWISE HAS LITTLE KNOWLEDGE OF INSURANCE OR IS SIMPLY LYING TO MAKE AN EASY BUCK. IF YOU ARE A LIFE AGENT READING THIS: WHICH ONE ARE YOU? In part 2, we will once and for all put the issue…
by Richard Proteau (Author Unraveling the Universal Life Scam and Financial Mobile Application Designer) Few people in Canada are following the introduction of Bill n°141 in Quebec: An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions. This is a…
