Effective May 26 at 4pm (ET), in line with regulatory requirements, we will no longer offer the Deferred Sales Charge (DSC) option for segregated fund deposits.
We encourage you to start using other sales charge options from today to ease the transition. 
After May 26, 4pm (ET):
- A sales charge option other than DSC will have to be used for all new deposits invested in segregated funds.
- All automatic deposit instructions for either pre-authorized debit (PAD) or automatic investment term (AIT), which include funds with the DSC option, will be automatically changed to Front-End Load (FEL) 0%. No action is required by you or the client.
- This change will not affect your clients’ return potential or fund management fees (MER).
To choose an alternative sales charge option for automatic deposits, you will need to contact your client and submit the request to us by May 12.
Client communication
At the end of March, clients with automatic deposit instructions (PAD or AIT) which include funds with the DSC option will receive a letter via My Client Space, or by post depending on their communication preference. The distribution will be spread out over a one week period.
- View a copy of the letter.
- From March 13, in the Advisor Centre, download the list of your clients who will receive the letter: My Clients > Obtain your clients’ investment data.
Diploma RESP closed to new sales
Due to this regulatory change, the Diploma RESP product will no longer be available for new sales as of May 26, 4pm (ET). For full details, consult the iA CONNECTED article.
Key dates
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March 13, 2023 |
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End of March 2023 |
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Deadline to ensure processing by May 26:
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May 12, 2023 Requests received later may be processed on time, though this cannot be guaranteed. |
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May 26, 2023 4pm (ET) |
