In order to continue to deliver value to our Clients, we conducted a comprehensive review of our fund line up. Therefore, we have updated our fees and rebate schedules (fees in each tier).
The changes will occur on April 21st , 2021 and apply to all Choices savings and income plan Clients. The fee changes depend on the Client’s funds and the tier they are in.
What does this mean for you as an advisor?
Nothing changes. The commission schedule for Choices products remains the same.
How will we communicate these fee changes?
We’ll advise Clients of these fee changes which are effective April 21st, 2021 as indicated in the table below.
Audience | Communication details |
Distribution date |
| Sponsors | GRS Matters | December 18th, 2020 |
| Existing Choices Clients | Insert in the 2020 annual statement (also available online) | January 1st to January 21st 2021 |
| Terminating/Retiring GRS Plan members as of January 1st 2021 | Insert in Termination Package Changing employer – Online enrollment tool |
January 1st to April 21st 2021 |
| New Choices Clients as of January 1st 2021 | Insert in Welcome Package | January 1st to April 21st 2021 |
You can view Client communication inserts;
Questions?
Please contact your Sun Life Group Retirement Services sales representative
