in June, several new features for the DFS Guaranteed Investment Funds and the Helios2 Contract come into effect on October 7, 2019.
|Fund name||Helios2 Contract||Helios Contract||Millennia III –
New Era Contract
|Millennia III –
|DFS GIF – Dividend Income – Desjardins||X||X||X||X|
|DFS GIF – Global Tactical Bond – Desjardins||X||X|| || |
|DFS GIF – Global Equity – Desjardins||X||X|| || |
Adjustments to the Investment Solutions
Modifications are being made to the Investment Solutions
- We’ve eliminated the allocation to short-term bonds in all portfolios as part of a long-term strategic reflection on duration management. We concluded that duration positioning was already made by our managers at the fund level according to their short-term views.
- We’ve changed the allocation between the two bond funds in order to better reflect the changes made to underlying funds over the course of the year and to better balance active risk.
- We’ve proceeded to minor geographical allocation changes in equities to be in line with our updated forecasts and the model we use for strategic allocation.
Clarification of Procedure Upon the Notification of Annuitant’s Death
For all DFS GIFs Contract, we’ll also be clarifying our process for paying out amounts owing upon death, starting October 7, 2019. This will mean paying lower Additional Guarantee Fees, if applicable, on these amounts and limiting exposure to market volatility. To find out more, see the
Contract and Information Folder.
Helios2 – 75/100 GLWB Guarantee in locked-in Contracts (LIRA, LIF, etc.)
Effective October 7, Helios2 – 75/100 GLWB will no longer be available when opening new locked-in Contracts. In addition, for all locked-in Contracts opened on or after October 7 with another Guarantee, no transfer of guarantee can be made to Helios2 – 75/100 GLWB at a later date..
Regulatory material and forms
The Contract and Information Folder as well as the contract proposals have been updated. You will receive copies from your financial center in the week of September 30.
We will accept the previous versions of the applications until November 29, 2019.
The following documents were updated You will receive printed copies to your financial center in the week of October 14. In the meantime, please refer to the PDF versions in the
Sales Material section.
|Materials for clients||English version||French version|
|DFS Guaranteed Investment Funds leaflet||
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