WebDec 16, 2024 · AMF releases draft seg fund DSC ban for comment Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds By: IE Staff December 16, 2024 12:24 FSRA proposes DSC ban for seg funds Proposal would eliminate regulatory arbitrage between seg funds and mutual funds By: James Langton November 25, 2024 … WebJun 3, 2024 · Back-end load or deferred sales charge (DSC) – Some funds used to charge a fee of up to 6% when you sold your units or shares. As of June 1, 2024, the deferred …
What to Know About Mutual Fund (DSC) Fees?
WebWith segregated fund contracts, investors are guaranteed to receive at least 75% of deposits (or 100%, depending on the contract), less any withdrawals, when the contract … WebNov 25, 2024 · DSCs are sales charges that customers pay if they withdraw their own money from a segregated fund contract before the end of a time period specified in the … modality immigration services
Segregated Funds - RBC Insurance
Web10% annually, out of a DSC fund without a charge. These funds no longer attract DSC fees when you redeem them so make sure you take advantage of this feature. Switch Fees A switch fee is a fee which may be charged by the dealer or fund manager when you switch from one fund to another within the same fund family. Clients can negotiate switch fees. WebJan 24, 2024 · They get investments with higher fees (1.14% MER for Money market up to a whopping 4.13% MER), they get guarantees that are going to be irrelevant to them in the long term and their chances of performing better are not higher but arguably lower. And when they buy the new investment they will be locked into a new 6 year DSC schedule. WebAreas of focus include the importance of needs-based selling, using “reasons why” letters, and the appropriate use of deferred sales charges (DSC). Needs-based selling Needs-based recommendations are important in helping clients achieve their investment, financial and retirement objectives. inman pd sc