Changes include fee reductions and tiers
The company is also making other changes to its product lineup
The funds now have lower risk ratings
Last year, the asset-weighted average expense ratio was 0.48%
Strategic income and dividend funds would be affected
Hallett was most recently the director of national sales at TriDelta Asset Management
The firms allege TD and RBC charged fees for active management on funds that aimed to replicate an index
MFDA says changes would enable dealers to respond to underperforming funds in a timely manner
Department of Finance expects to gain $350 million by 2024 from proposals
