MONTREAL, April 16, 2014 /CNW/ - Sun Life Assurance Company of Canada, a
member of the Sun Life Financial group of companies, is today
submitting its application to the Autorité des marchés financiers (AMF)
for authorization to act as administrator of a Voluntary Retirement
Savings Plan (VRSP). Sun Life Financial has been bringing its expertise
to VRSP forums for more than a year, and continues to champion this
product as one the company believes in and will be positioned to
provide to Quebecers once authorization is obtained from the AMF and
its plan is registered with the Régie des rentes du Québec.
"We have taken this major step forward, on the first day for
applications, which enables us to move ahead in the process of making
our VRSP available to Quebec SMEs. Our network of advisors and brokers
throughout Quebec, in addition to the VRSP-focused resources of the Sun
Life Financial Small Business Centre, will be poised to provide a
quality product that's simple and effective to the 90,000 affected
employers," said Jean-François Pelletier, Sun Life Financial's Regional
Vice-President, Group Retirement Services, Quebec.
Starting in July 2014, VRSPs will give thousands of Quebecers their
first tangible savings experience and will be a gateway to helping them
take charge of their finances. Sun Life Financial has been a thought
leader since the earliest days of this project, assisting in creation
of a product to foster saving among Quebecers. Our appearance before
the parliamentary commission in September 2013 and our contribution to
the public debate around VRSPs demonstrate our leadership in the
retirement savings space.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. Sun Life
Financial and its partners have operations in key markets worldwide,
including Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines, Japan, Indonesia, India, China, Australia,
Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2013, the
Sun Life Financial group of companies had total assets under management
of $640 billion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to editors: All amounts are in Canadian dollars.
SOURCE: Sun Life Financial Canada
For further information:
Sun Life Financial