From:	XXXX
Sent:	December-08-13 12:21 PM
To:	Consumer Code / Code consommateur

One of the biggest financial drain on people's wealth and many of them are unaware of it 
because it is not reported and transparent, is the wealth management industry. Their highly 
unjustified fees, some of the highest in the world, are gouging the unsuspected investors of his 
savings for his retirement. As the number of retirees enjoying defined benefit pension plan is 
decreasing in Canada and being replaced with defined contributions, the investment industry will 
be able to take an even larger chunk off the Canadian workers savings. The mutual fund industry 
has been given a license to steal from the uninformed public. It is a blatant gross injustice that is 
very apparent with our regulatory bodies who don't seem to be able to get the support from our 
government. The UK and Australia had the courage to tackle the same problem and did 
something a bout it. What are we afraid of? The lobbyist from the financial industry? Who runs 
this country? How about telling Canadians that 25% to 50% of their savings from their hard 
working years is siphoned by their financial advisor, and their government doesn't think it's 
important? See what happens on the next vote.

XXXX