Desjardins Financial Security is reducing the management expense ratio on two of its segregated funds and the investment fees on three of its group retirement savings funds.

The MER reduction on the two Millennia III segregated funds varies depending on the fund. The MER for the Talvest Global Bond RSP Fund has been lowered by 0.30%, and the Trimark Canadian Fund MER by 0.18%. These decreases took effect April 18.

DFS says the Millennia III segregated funds provide full exposure to market returns backed by solid guarantees: protection against inflation and market fluctuations, simplified estate planning and the best death capital guarantee available on the market thanks to automatic annual resets.

Separately, the investment fees for the three fund options managed by AIM Trimark on behalf of Desjardins Financial Security, and available to group retirement savings plan participants, are reduced to 0.85%. The new rate took effect April 1. The three funds are the Trimark Income Growth Fund (balanced), the Trimark Canadian Fund (canadian equity) and the Trimark Fund ( foreign equity).