Weekend Argus (Saturday Edition) - - FRONT PAGE -

All ex­ist­ing in­vest­ment prod­ucts that you hold will have to be brought into line with the ef­fec­tive an­nual cost (EAC) stan­dard when a change is made to their con­trac­tual terms. The dead­lines for com­pli­ance for ex­ist­ing prod­ucts are:

• June 1, 2017 for prod­ucts sold after April 1, 2010;

• June 1, 2018 for prod­ucts sold after April 1, 2000 and be­fore April 1, 2010; and

• June 1, 2019 for prod­ucts sold be­fore April 1, 2000.

Oc­cu­pa­tional re­tire­ment funds, in­clud­ing um­brella re­tire­ment funds, have not been in­cluded in the EAC stan­dard, be­cause their struc­tures are very dif­fer­ent from re­tail prod­ucts.

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