Friday , January 15 2021

Fondaction: flat-rate contributions are no longer accepted

The Fondaction Investment Fund will no longer accept contributions by lump sum, until the end of the fiscal year ending May 31, 2021.

Fondaction specifies, on the other hand, that savers subscribing to withdrawals by withholding from wages or pre-authorized debits are not affected by this measure.

This kind of systemic savings is available at all times, Fondaction said in a press release on Thursday.

“In order to respect the ceiling set by the government, Fondaction plans to limit new subscriptions to $ 290 million for its 2020-2021 fiscal year,” added the Investment Fund.

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