iA Financial Group announced Oct. 10 that it has reduced management fees for 65 segregated funds in the Series 75/100 of its IAG Savings and Retirement Plan. This fee reduction can reach up to 50 basis points depending on the fund.
iA says there is no additional paperwork to be completed to obtain this reduced fee. It is automatically applied.
Fee reduction for Prestige Series
In addition, clients who have already qualified for the Prestige Series will also benefit from a fee reduction on 29 funds in Series 75/100.
“Our products, which already met clients’ needs, are now even more competitive, stated Manon Gauthier, Senior Vice-president, Individual Savings and Retirement for iA.
Gauthier added that by reducing its fees, iA Financial Group is showing its “commitment to offering quality products to representatives and clients and better pricing to clients. We are focused on listening to clients’ concerns and helping them reach their savings goals. We suggest that investors affected by these changes contact their representative to get the most out of them.”