Sun Life Global Investments (Canada) Inc. Thursday announced a change to the sales commissions that it pays dealers when investors purchase units of the Sun Life Global Investments mutual funds under the low load sales sharge option.
This change will have no impact on the cost to the investor, Sun Life says.
Effective Jan. 1, 2015, if an investor buys Series A, Series AH, Series T5 or Series T8 units of a fund, as applicable, under the low load sales charge option, Sun Life will pay the investor’s dealer up to 2.5% of the purchase amount (rather than up to 2% currently paid to an investor’s dealer).
A similar change was made to the sales commission paid to dealers when investors purchase Series A, Series AT5 or Series AT8 shares of the Sun Life Global Investments mutual funds that are structured as classes of a mutual fund corporation.
Sun Life sasy the amount paid to the investor’s dealer as of Jan. 1, will bring the sales commissions for the low load sales charge option in-line with the industry.