Companies
Who is our prime ARR for PPD - Pitter Patter Daycare?
Sapna
An Advisor opened a Client named Group RRSP but is in the process of moving his Client's acct to Nominee. He requested the group RRSP be moved in kind to a new SLFISI 7697 nominee Group RRSP acct. What should we tell him?
Grp RRSP are for Client named accts only.
What documents are required for a Group LIRA?
NA - does not exist
Who signs the acct opening documents for a Group RRSP? The Client or employer?
The Client, the acct is held in the name of the Client.
Who is our prime for St. John Advantage?
Sapna
A cheque from St John Advantage was received. IFDS needs I.i. What do we do?
Callout to AOR for the spreadsheet with the i.i/Client breakdown
The 4819 must be used for GRP RRSP set ups
True
GREDEEM is a 5 day susp. True or False
False, it should be 1 day, like a regular redemption item
Who is the prim ARR for LANDWORK?
Valerie
We received an extra $200 from an employer. AOR confirmed it is excess. The $200 should go to the SLGI Float Fund. True or False
False, the excess should be manual chq's back to sender
The Grp RRSP Company profile set up form can be found on the SLGI website under mutual fund supplemental forms. True or False
False, the form is internal and NOT on the SLGI site.
How many callouts is a GUNLOCKREQ?
0. Grp rrsp does not have unlocking.
Our PPD prime ARR is OOO. Where can you find the who the backup ARR is? Also, who is it?
One Note - special handling? Amar
A Client needs money to buy a car. They submit a redemption request for their Group RRSP. Can this be processed?
Yes, the Client owns the funds and can redeem. Regular WHT will incur
We received a E252 to process a $5k OTP into a SUN GRP RRSP from the Client's bank acct. Can this be processed?
Yes, Client can make contributions just as they can in a regular RRSP.
A cheque arrives from PPD and is classified as an XPURCH. Is this correct?
The item should be a GPURCH
AOR is looking for a more secure product with guarantees before setting up a new employer with Sun Life. The AOR asks for the requirements to set up a GIF Solution Estate Group RRSP. What to we tell him?
Grp RRSP is not for GIF. Only SUN.
Client works for ABC Ontario Limited which is located in Northern Ontario. The Client's house burned down and their insurance was bad, so they need money to pay for first and last months rent quickly. The AOR asks if he should submit the ON Financial hardship unlocking form 2025 and a VC. What do you say?
Tell the AOR the funds are not locked in a group rrsp. A regular LOD or redemption form will suffice.
IFDS rejected the GRP SET UP FORM for a missing signature. The callout should go to the GRS retirement consultant. True or False