Quote:
Originally Posted by NuclearFart
Are you talking about their offering of Independent Pension Plans (IPP)? When the Liberals announced the upcoming PC tax changes, Morneau Sheppel started aggressively and directly advertising to physicians about their IPPs, including a campaign of flyers and lunchtime seminars put on by their advisers. Morneau effectively put all the prof corp testicles in a vice with one hand, while using the other hand to offer a "solution" provided by his company.
How this blatant conflict of interest didn't get more media attention is beyond me. You expect this kind of activity from Trump, but the Morneaus are just as corrupt.
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Yeah, that's exactly what I was talking about. It's not that IPPs are terrible in the right situation or anything, but a clear conflict of interest. MSI is huge in that space, so by closing some of these other avenues where that remained as a potential strategy, they stood to reap those rewards. There are other firms (and advisors I know we're going to them specifically because of this, if we weren't already), but it's so blatant.
I can only assume it didn't gain traction because most people don't know about IPPs to begin with, and to really explain this you would want to have people have an idea of what you're talking about. I don't know. It was obviously in my profession, but that's a smaller circle for sure.