August, Desjardins Insurance announced its intention to permanently close 6 Guaranteed Investment Funds (GIFs) in 2022. However, due to concerns shared by advisors, we have decided to postpone the final closure of these GIFs to a later date. With the exception of this amendment, the content of the advance notices of change sent to clients remains the same.
|Fund name||Helios2||Helios||Millennia III – New Era (Series 3)||Millennia III – Classic Contract||Millennia III – First Edition and New Era Contracts (Series 1)||IGP|
|DFS GIF – Diversified Income – Franklin Quotential||x||x||x|| || || |
|DFS GIF – Balanced Income – Franklin Quotential||x||x||x|| || || |
|DFS GIF – Balanced Growth – Franklin Quotential||x||x||x|| || || |
|DFS GIF – Growth – Franklin Quotential||x ||x||x|| || || |
|DFS GIF – Canadian Equity – Franklin Bissett||x ||x||x||x||x ||x|
|DFS GIF – Small Cap – Franklin Bissett||x ||x||x||x|| || |
However, as announced in the advance notices, these 6 funds will no longer be available for new deposits and exchanges as of November 27, 2020. For more details, please refer to the
Questions and Answers document.
Information for advisors
This postponement will give you more time to consider the actions to take with your affected clients and, if their contract is not registered, to better plan the tax implications that may result from the final closure of these GIFs.
In this regard, advisors who have clients with units of one of these funds (registered and non-registered contracts) will receive a list of these clients by email. Sending will begin the week of October 26, 2020 and will take place over a few weeks. The advisors who have the most affected clients will receive their lists first. For any questions, we invite you to contact the
GIF Client Service at 1-877-647-5435 or by email at
Our goal is always to offer a range of the most competitive GIFs. Although Desjardins Insurance reserves the right, despite this postponement, to close these GIFs permanently if deemed necessary, rest assured that we will notify you in advance at the appropriate time.
Since all contract owners have received an advance notice of change, they will receive the letter announcing the postponement of the fund final closing date:
Intermediary Network Sales Support and Expertise