Reduced Investment Management Fees for CEDA’s Group Retirement Plan
As part of CEDA’s ongoing commitment to delivering value in our benefits programs, we recently completed a review of our Group Retirement Plan.
We are pleased to announce that, effective June 17, 2026, the Investment Management Fees (IMFs) associated with the investments available within the plan will be reduced, helping enhance members’ overall investment returns.
Lower Fees = Better Returns
An IMF is the amount Manulife charges to cover the costs of managing the fund. It is a fee deducted each year from a fund’s investment returns and covers the cost of hiring fund managers, as well as the expenses associated with overseeing, administering and operating the fund.
Reducing fees is one of the most effective and tangible ways to enhance investment returns. Lower fees allow more of your investment to remain in your account, helping your savings grow over time.
Summary of the New Fees - All IMF reduced by 0.080%
Effective June 17, 2026
- Manulife Group IncomePlus Balanced Asset Allocation
- Old IMF 0.675 - New IMF 0.595 (%)
- Manulife Group IncomePlus Canadian Money Market Fund
- Old IMF 0.300 – New IMF 0.220
- Manulife Retirement Income
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2025
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2030
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2035
- OLD IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2040
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2045
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2050
- Old IMF 0.725 – New IMF 0.64
- Manulife Retirement Date 2055
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2060
- Old IMF 0.725 – New IMF 0.645
- Manulife Retirement Date 2065
- Old IMF 0.725 – New IMF 0.645
- Manulife Conservative Asset Allocation
- Old IMF 0.675 – New IMF 0.595
- Manulife Moderate Asset Allocation
- Old IMF 0.675 – New IMF 0.595
- Manulife Balanced Asset Allocation
- Old IMF 0.675 – New IMF 0.595
- Manulife Growth Asset Allocation
- Old IMF 0.675 – New IMF 0.595
- Manulife Aggressive Asset Allocation
- Old IMF 0.675 – New IMF 0.595
- Manulife Daily High Interest
- Old IMF 0.30 – New IMF 0 0.220
- Manulife MFS Fixed Income
- Old IMF 0.575 – New IMF 0.495
- Manulife MIM Canadian Bond Index
- Old IMF 0.300 – New IMF 0.220
- Manulife Balanced
- Old IMF 0.675 – New IMF 0.595
- Manulife Mawer Balance
- Old IMF 0.650 – New IMF 0.570
- Manulife MIM Canadian Equity Index
- Old IMF 0.300 – New IMF 0.220
- Manulife CC&L Group Canadian Quality Growth
- Old IMF 0.575 – New IMF 0.495
- Manulife Mawer Canadian Equity
- Old IMF 0.650 – New IMF 0.570
- Manulife Beutel Goodman Canadian Equity
- Old IMF 0.650 – New IMF 0.570
- Manulife MB Canadian Small Cap Equity
- Old IMF 0.575 – New IMF 0.495
- Manulife MIM U.S. Equity Index
- Old IMF 0.300 – New IMF 0.220
- Manulife MFS U.S. Equity Core I
- Old IMF 0.575 – New IMF 0.495
- Manulife BlackRock International Equity Index
- Old IMF 0.525 – New IMF 0.445
- Manulife Mawer International Equity
- Old IMF 0.925 – New IMF 0.845
- Manulife Mawer Global Equity
- Old IMF 0.795 – New IMF 0.715
- Manulife Epoch Global Shareholder Yield
- Old IMF 0.715 – New IMF 0.635
Frequently Asked Questions
Do I Need to Do Anything?
- No. The IMFs for any funds that you’re invested willautomatically be reduced after the markets close on June 17, 2026.
Will I See Any Changes in My Account?
- Both on the Manulife Plan Member site and on your nextstatement, you’ll see a transaction description called ‘Investment Fee Change’,which will show a sale and repurchase of your funds on June 17, 2026 to reflectthe new, lower IMF. Note that, although the number of units and unit valuesare different, the total dollar amount of your savings did not change.
What if I Have Questions?
- If you have questions about the changes or the fundsavailable through your plan, please reach out to the Manulife Plan Member ServicesTeam at 1-888-727-7766 or gromail@manulife.com.
