Sun Life Financial today announced plans to offer its customers and group plan sponsors a number of opportunities to take full advantage of the new Tax-Free Savings Account (TFSA). Starting Jan. 1, 2009, any Canadian resident over age 18 can contribute up to $5,000 each year into a TFSA. Interest is earned tax-free and funds […]
Earnings from Sun Life U.S. drop 47%
Sun Life Financial Inc. announced today the successful completion of a public offering in Canada of $350 million principal amount of Series 2008-2 subordinated unsecured 5.12% fixed/floating debentures due in 2018.Sun Life says the net proceeds will be used for general corporate purposes, including for use within the Sun Life group of companies and for […]
Sun Life Financial Inc. today reported an increase in profit for the first quarter ended March 31, despite tough market conditions and the stronger Canadian dollar.The company reported a quarterly profit of $533 million, or 93¢ a share, up from $497 million, or 86¢ a share, a year earlier.“Difficult capital markets, global credit pressures and […]
Seven new funds added to SunWise Elite lineup
Stronger dollar curbs operating income
Working Canadians have not taken steps to create a financial plan
Sun Life sells U.S. retirement plan administration business to Hartford
Toronto-based insurance and financial services company Sun Life Financial Inc. plans to buy back up to 2.55 million (0.46%) of its common shares in a private agreement with “an arm’s-length third-party” seller.Sun Life says it plans to make the purchase between December 11 and 31.The shares purchased for cancellation will be included in calculating the […]
Guarantees certain obligations of Sun Life Assurance