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Can't dislike Manulife enough
April 17, 2018
4:47 pm
Save2Retire@55
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It seems to be this doc:
https://www.cba.ca/Assets/CBA/Files/Article%20Category/PDF/vol_20090000_guidelinesfortransfersofplans_en.pdf

Mutual Fund Type Registered Plans
Transfers of mutual fund type registered plans by chartered banks will be processed according to processing guidelines
for registered account transfers available through the Investment Funds Institute of Canada. (Regulation 81-102 governs
payment of proceeds upon redemption). Call the Regulations Department of IFIC at (416) 363-2150 or access the
guidelines at the IFIC website at http://www.ific.ca.

April 19, 2018
6:38 pm
Save2Retire@55
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I got a follow up call from Oaken's management. They are putting the blame on Manulife as they said the agent they worked with from Manulife kept giving them contradicting information.

Oh well, that's the game to stay between to banks and each of them blaming the other. Oaken offered me 0.05% extra on the interest rate for the 2 plans.

I am not going to do anything else. Really don't have the time and energy for that.

April 19, 2018
7:05 pm
Kidd
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0.5% or 0.05%?
1/2 of a percent would be nice. 1/20 of a percent not so much.

5 out of every 4 have a problem with fractionssf-wink

April 19, 2018
7:32 pm
Jon
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We really should push FI to transfer all asset from mutual fund or any other asset into saving account before moving to another institutions. This should be automatically conducted immediately after any transfer request for register account.

April 19, 2018
7:59 pm
Save2Retire@55
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Kidd said
0.5% or 0.05%?
1/2 of a percent would be nice. 1/20 of a percent not so much.

5 out of every 4 have a problem with fractionssf-wink  

Lol. I would have been in love with them if it was 0.5%! It is ONLY 0.05%. So the %3.25 became 3.30%. It is nothing at all but I am giving up.

April 19, 2018
8:00 pm
Save2Retire@55
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Jon said
We really should push FI to transfer all asset from mutual fund or any other asset into saving account before moving to another institutions. This should be automatically conducted immediately after any transfer request for register account.  

Yes, I tried ... they denied as it was a group account.

April 19, 2018
8:44 pm
Loonie
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Kidd said

5 out of every 4 have a problem with fractionssf-wink  

LOL... not to mention percentages!!

April 19, 2018
8:49 pm
Loonie
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Save2Retire@55 said
I got a follow up call from Oaken's management. They are putting the blame on Manulife as they said the agent they worked with from Manulife kept giving them contradicting information.

Oh well, that's the game to stay between to banks and each of them blaming the other. Oaken offered me 0.05% extra on the interest rate for the 2 plans.

In the same vein...
computer vs software vs provider;
TV vs cable company;
phone company vs the line inside your house...
"Not my fault," they all say in chorus!

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