From January 1, 2025, the credited rates of the following two Genesis-IRIS accounts will be increased.
Stabilised Return Index Account (SRIA)
- Increased to 3.15% in 2025 (0.25% increase)
- As a result, the CLF (collateral loan facility) rate will rise to 4.65% in 2025 (an increase of 0.25%).
Smoothed Return Diversified Account (SRDA*)
- Increased to 4.10% in 2025 (0.30% increase)
- The reduction in the management expense ratio (MER) will be extended to 2025, for a net MER of 1% for the Genesis-IRIS SRDA.
The credited rates of these accounts are based on the organization's long-term return expectations as well as the returns of the underlying assets, to which a smoothing formula is applied. This formula spreads out the main fluctuations in returns (both positive and negative) and provides a low-volatility credited rate from year to year.
The main factor accounting for the net increase in the credited rate for 2025 is the good performance of our funds and the favorable economic environment.
*This version of the SRDA is for Genesis-IRIS, which is no longer available for sale.
