Municipal Investment Plan

 

We are transferring our plan with Sun Life to iA Financial Group effective November 1, 2018. 

Due to a changing regulatory environment, the Municipal Finance Authority of British Columbia (MFABC) has decided to no longer oversee the Municipal Investment Plan.  However, in partnership with our plan advisor, Apri Insurance, the plan will continue with some changes including lower investment management fees.  Our goal has been to offer you the best possible voluntary RRSP, TFSA, and Non-Registered savings program and with that in mind, after a detailed market review of our plan, iA Financial Group will be the new Municipal Investment Plan provider for the RRSP and TFSA plans.   

Benefits of the New Plan
  • Excellent investment choices
  • Even lower management fees than the current Sun Life plan
How will the transfer work?
  • Existing Members will automatically be enrolled as of November 1, 2018
  • All information required to administer your plan will be forwarded from Sun Life directly to iA Financial Group 
How do I contribute?
  • If you are currently making contributions via payroll deductions please contact your employer to continue making contributions from your pay with iA Financial Group after November 1st
  • All information required to administer your plan will be forwarded from Sun Life directly to iA Financial Group 
  • If you are contributing from your bank account, for any contributions after November 1st you will need to provide new banking information directly to iA Financial Group.  Contact information is below
Who do I contact for more information
  • If you have any questions or want more information about your new plan, please contact our plan advisor, Daryl King at 1-866-877-3600 / email daryl.king@apriinc.com or email mip@mfa.bc.ca

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