Examples of Regular Savings Plan in a sentence
If an applicant (except for those investors who subscribe through the Regular Savings Plan) decides to cancel the contract, and the value of the investment has fallen at the time the ACD receives the completed cancellation notice, they will not receive a full refund as an amount equal to any fall in value will be deducted from the sum originally invested.
Further information on how to invest through the Regular Savings Plan is available from the ACD.
Investors who invest through the Regular Savings Plan will be entitled to cancel their first subscription only; if a Regular Saver decides to cancel their contract within 14 days after the date on which they receive the cancellation notice then they will receive back the full amount of their initial subscription.
For Shares purchased through the Regular Savings Plan, the minimum monthly investment is stated in Appendix I.
The ACD may make available certain Classes of Shares of any Fund through the Regular Savings Plan (details of current Classes of Shares and Funds which are available are shown in Appendix I).
If, however, payments are not made into the Regular Savings Plan for more than ten months and the Shareholder holds less than the minimum holding for that Class, then the ACD reserves the right to redeem that Shareholder’s entire holding in that Class.
Investors who invest through the Regular Savings Plan will be entitled to receive back the full amount they invested if they cancel.
Additional subscriptions to the Fund may also be made through Manulife Investment Management’s Regular Savings Plan (RSP).
Confirmations will not be issued to Shareholders investing through a Regular Savings Plan, however statements detailing all Share transactions will be sent out to all monthly savers at least on a six monthly basis.
A Regular Savings Plan is available on certain Classes of Share on certain Sub-funds.