THE 360 NEWSLETTER

Good news! We are pleased to inform you that a new one-time PAC feature has been added to the Univeris system.

Until now, when you wanted to set up a one-time PAC for the client, you would enter the PAC in the system, select the “Annually” frequency, add a date in the “Stop Date” field, then flag the account to remind yourself to change the PAC status to “Internal Inactive” once the Stop Date has been reached. This process often lead to errors, as Representatives would sometimes forget to add a Stop Date or change the PAC status, which would result in the PAC being duplicated by mistake for the client.

Going forward, when you want to set up a one-time PAC, simply check the new “One time PAC” checkbox and select a Start Date on the systematic purchase programming screen, and the system will do the rest for you:

Once the “One time PAC” box has been checked, the “Annually” frequency will be added automatically by the system, and when you add the Start Date, the system will generate a Stop Date. This Stop Date corresponds to 7 calendar days from the Start Date provided. Once the Stop Date is reached, the PAC status will automatically be changed.

Administrative Procedure # 33A – Preauthorized Chequing Plan (PAC) – Investia Nominee Accounts has been amended to reflect this new one-time PAC option. Click here to view the amended procedure, which can also be found on the Advisor Centre under Procedures & Forms / Administrative Procedures.

We hope this new option will help you in your daily operations.