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June 25 we’re making changes to some Segregated Funds contracts

*UPDATE:  Effective September 27, 2018, the online transfer (OLT) interface supports transactions for new sales in the new sale option.

Effective December 6, 2018, the OLT interface will support transactions using the transfer between Manulife Investments Contract (form NN1577E) in this sales option

This Repsource article has been updated with this new information.


We’re enhancing our Segregated Fund contracts effective Monday, June 25, 2018. These changes will make our products more competitive and give you and your clients even more options.


Here’s what’s changing

We’re reducing the management expense ratios (MERs) on some F-class sales charge funds.

Manulife will be reducing the MERs for 56 F-class sales charge funds within these GIF Select Series:

  • InvestmentPlus,
  • IncomePlus (except for IncomePlus in GIF Select (original) Series), and
  • EstatePlus,

and for almost all MPIP Segregated Pools.

These MER reductions will narrow the difference between segregated funds and equivalent Manulife Mutual Funds and better position Manulife segregated funds in the market.

Every client holding affected funds will benefit from these reductions.


We’re adding a new fund to GIF Select.

We’re adding the Manulife Dividend Income Plus GIF Select Fund to:

  • Manulife Guaranteed Investment Funds Select (GIF Select) – InvestmentPlus Series
  • Manulife Guaranteed Investment Funds Select (original) - 75 Series

The Manulife Dividend Income Plus Fund is already available under Manulife RetirementPlus and on the Manulife Mutual Fund platform.


We’re adding a No-load sales charge option.

This new sales charge option will be available for:

  • Manulife Guaranteed Investment Funds Select (GIF Select) – InvestmentPlus Series
  • MPIP Segregated Pools contracts.

A No-load sales charge option is a great option for clients who are sensitive to fees or who don’t want to be locked into a Deferred Sales Charge (DSC) schedule. Instead of a DSC, which normally is paid by the client if they redeem early, this sales charge option applies a commission chargeback to you, if funds are redeemed or transferred to F-class funds within four years of their deposit.

It’s a great option for you, if you earn an up-front commission. The No-load sales charge option provides a total upfront commission of 3% on all funds (except the Money Market fund which only pays a trailer commission). 

Effective July 20, 2018, the new sales charge option is listed in FundServ under the No-Load category.

It’s important to note that when we launched the new No-load sales charge option, it could only be processed using FundServ or a paper application submitted to Manulife. Online Transactions (OLT) became available for the new No-load sales charge option on September 27, 2018.

Effective December 6, 2018, the OLT interface will support transactions using the transfer between Manulife Investments Contract (form NN1577E) in this sales option. Until November 29, 2018, submit all transfers to the No-load sales charge option to Manulife for manual processing.


Where to get more information

All point-of-sale documents as well as the *Price & Performance Tool and the Products at a Glance are up-to-date with full details on product rules. 

If you still have questions, contact your Manulife Investment Sales team or the call center.


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