Semi-annual client statements as of December 31 will soon be available and one new note will be included to explain the availability of documents.
Here is the note:
Since April 1, 2025, new rules offer more freedom to Nova Scotia Life Income Fund (LIF) holders. Clients aged 55 and over can request a one-time withdrawal of 50% of the amounts transferred to a new LIF within 60 days of its issuance. Please consult your advisor for the procedure and the appropriate form for your situation if you wish to request this single withdrawal.
We recommend that you connect with your sales team for any questions related to this note.
