Megaupload founder Kim Dotcom released on bail
Authors: CanadianBusiness.com: Recent Articles
Megaupload founder Kim Dotcom released on bail...First lawsuit filed in outbreak linked to sprouts
Authors: CanadianBusiness.com: Recent Articles
First lawsuit filed in outbreak linked to sprouts...Feds target young Canadians on pension cuts
Authors: Canadian Press
The federal government is refining its pitch to cut public pension benefits, now aiming its message at younger Canadians.
In a speech in Toronto today, Human Resources Minister Diane Finley confirmed that the coming federal budget will define major changes to Old Age Security, which gives about $500 a month to 98% of people over 65.
Unless the government acts now, younger Canadians would face impossible choices of higher taxes, higher deficits or fewer social programs, she said.
“We cannot allow ourselves to be pegged into a situation where we are faced with a choice between the country’s financial security, and our commitment to aging Canadians who have worked long and hard to build this great nation.”
While other countries have acted to increase the age of eligibility to keep in line with aging populations, Canada has stood still, she said.
“It’s ticking along as if things haven’t changed demographically in 50 years. We will need to ensure that o...
Head of Oregon firm indicted in NYC in fraud case
Authors: CanadianBusiness.com: Recent Articles
Head of Oregon firm indicted in NYC in fraud case...Six questions to ask your investment consultant: Part I
Authors: Ryan Kuruliak
Institutional investors often hire consultants to provide expertise in writing requests for proposals (RFPs) for services required by the institution, as well as to access consultants’ knowledge of investment managers, recordkeepers, custodians and actuarial service providers. Of course, institutional investors cannot hire a consultant to write an RFP for hiring an investment consultant and, therefore, investors will usually complete this step themselves. The goal of the RFP exercise is to find an investment consultant who will become a trusted advisor to fiduciaries; thus, it is critical that the RFP exercise identify the most appropriate candidates who are capable of establishing a strong long-term partnership.
There are few good templates available for institutions to use as a starting point, so I thought I could share some questions (adapted from recent RFPs), as well as others that should be included in more RFPs in the future.
1. What is your firm’s and your c...