Desjardins Group has cut front-end load fees for members when they purchase external funds or Northwest & Ethical Funds in Québec and Ontario branches.

“For purchases made after January 1 this year, there will be no initial purchase or load fees on these funds for members,” said Pierre Moran, senior vice-president, consumer markets at Desjardins. “This means they won’t have to keep the funds for seven years in a specific family of funds to avoid paying redemption fees.”

Desjardins Funds assets are $11.8 billion.