TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

OPTIONAL DISCOUNT [1 record]

Record 1 1997-10-27

English

Subject field(s)
  • Employment Benefits
  • Pensions and Annuities
CONT

A new law passed in November 1996 forced the five AFPs [Administradora de Fondos Pensiones] currently in the market (Integra, Horizonte, Nueva Vida, Profuturo and Union) to become more aggressive and generate competition. This newly passed legislation eliminates the maximum rate of real returns and encourages optional discounts on monthly commissions in relation to the time clients have contributed.

French

Domaine(s)
  • Avantages sociaux
  • Pensions et rentes

Spanish

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