The Canadian Medical Association (CMA) cannot use the proceeds from its sale of MD Financial Management to set up a pension plan for its members, despite calls for such a move from some Canadian doctors. The lack of an employer–employee relationship means there is no legal basis for a pension plan, according to the CMA. Read […]
MD Financial Management
Banks consider doctors up for grabs after MD Financial Management sale
The sale of MD Financial Management to Scotiabank last year has touched off a competition among Canada’s major banks to attract physician customers, with several launching investment and business packages in recent months aimed at health care professionals. In December, TD Bank announced a wealth management service for health care professionals, to be paired with […]
Many doctors feel “betrayed” by sale of MD Financial Management
When the Canadian Medical Association (CMA) announced on May 31 that it was selling its financial services company, MD Financial Management, to Scotiabank for almost $2.6 billion, the reaction from physicians was swift and brutal. MD clients and other CMA members took to social media to condemn the decision, complaining that they had not been […]