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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, July 25, 2013 | 12 The Town of Oakville is one of the most prosperous and affluent communities in Canada. While it may not be obvious, more than 26,000 people in Oakville live in poverty and struggle for the basic necessities of life each day. WE need HELP F Changes to fee disclosure coming rustration over lack of transparency of investment fees and performance is slowly being addressed. Consumers have expressed concern about lack of clarity and fairness in other industries. Understanding their investment accounts has been problematic for many for a long time. Feedback we have had tells us that even after asking speci c questions about costs and fees, investors did not always receive satisfactory answers. Investment disclosure has also been an issue in Britain and Australia that lead Canada with better disclosure and regulations to help the individual investor, but there is momentum in Canada and beyond for better consumer disclosure and protection. In the last year, government regulators have addressed the clarity issue with cell phone charges, airplane ight pricing, furniture purchase nancing and car leasing contracts. Last week, the Canadian Securities Administrators, the federal regulator that oversees the provincial securities regulators, announced three improvements are coming. In July 2014, rms must inform clients on compensation from the trade of debt securities -- government or corporate bonds and treasury bills. This is signi cant because fees on bond purchases are embedded in the purchase price, whereas with stock purchases, you see the commission. Many investors don't know this. When you purchase shares of a company, you are often charged a commission to complete the Dollars & Sense Peter Watson Guest Contributor For more than 18 years Kerr Street Ministries has been coming alongside some of Oakville's neediest families and kids by providing food, support and community. transaction. Debt securities are different because you buy them from a speci c investment rm. Investors often mistakenly think an advantage of buying a bond is that they avoid paying a commission. The commission, however, is replaced by the mark-up (the difference between the face value and sale price). A mark-up on a debt security purchase is similar to a retail mark-up where a store increases the price to sell an item for a pro t. This one change will foster a better understanding of investment fee charges. It is absolutely fair for the consumer to have access to the same information about the cost of completing transactions as investment rms. With such a fundamental disclosure of important information it is hard to imagine this type of regulation is only just now being introduced. In July 2015, clients will get enhanced client statements showing the market value of investment holdings and the cost of holding those investments. see Staged on p.14 Don't miss these, and other great deals! Visit Proudly Canadian Follow us: @wagjag facebook.com/wagjag TODAY, KERR STREET MINISTRIES NEEDS YOUR HELP Your donations make it possible for KSM to come alongside the growing number of families in need each day. Yes, I would like help families in need. Here's how I can help... A monthly gift of $ ____________ or a single gift of $ _____________ (please forward a void cheque) (cheque payable to Kerr Street Ministries) Buy Online: 51% off $59.00 $59 FOR A PRIX FIXE TEPPANYAKI DINNER FOR 2 AT HIBACHI SEAFOOD AND STEAKHOUSE ($120 VALUE) Name: Address: E:mail: Phone #: ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ Upcoming: Buy Online: 69% off $25.00 Buy Online: 68% off $29.00 Please detach and forward with your payment to: Kerr Street Ministries, 485 Kerr Street, Oakville ON L6K 3C6. A receipt for income tax purposes will be sent to you. For more information on how you can help this growing ministry need contact us today at 905-845-7485. UP TO 69% OFF HAIRCUTS WITH FULL COLOUR OR HIGHLIGHTS AT HEADS UP SALON (3 OPTIONS) $29 FOR 2 HOURS OF BOWLING FOR UP TO 6 PEOPLE, INCLUDING SHOE RENTALS AND A $10 DINING VOUCHER FROM CHAMPS FEC ($91 VALUE) 1 Brought to you by How to buy a WagJag: Go to www.wagjag.com 2 Click buy on the offer and follow the instructions. 3 Receive your deal, tell your friends and enjoy!