Management fee reductions automatically applied for investors who meet
requirements and thresholds
TORONTO, Dec. 15, 2015 /CNW/ - Sun Life Global Investments (Canada) Inc.
is introducing an auto-enrolment feature for investors who qualify for
the Private Client program. It will make it easier for advisors to
administer accounts to this important market segment and provide
eligible investors the opportunity to receive the lowest fees and best
features available to them within Sun Life Global Investments.
"We're excited to be adding the auto-enrolment feature for our Private
Client program and strengthening our client commitment," said Cindy
Crean, Managing Director, Private Client, Sun Life Global Investments.
"Eligible clients will automatically benefit from management fee
reductions and other services for which they qualify."
Starting February 5, 2016, clients holding a minimum of $100,000, based
on the market value, in series A, F, T5, T8, AT5, AT8 and AH mutual
funds (purchased via front end sales charge option), in an eligible
account, will automatically be enrolled in the Private Client program.
Once within the program, investors will automatically receive
management fee reductions based on the market value of their account
and may be eligible for additional Private Client services and
features, including specialized statements and account linking.
In connection with the launch of this new auto-enrolment feature, series
E and series EF securities will no longer be offered for sale.
Investors who currently hold series E and/or series EF securities will
have their securities re-designated (or converted in the case of
corporate class shares) as series A and series F securities,
respectively on February 5, 2016.
"Our advisors have told us they are looking for solutions that help them
reduce administration in their business while ensuring they are
providing their clients with the best investment options and services,"
said Rick Headrick, President, Sun Life Global Investments. "Advisor
feedback continues to be instrumental in the evolution of our business,
leading to innovative features like auto-enrolment."
More details relating to the rules and restrictions for the
auto-enrolment feature, applicable management fee reductions and other
features of the Private Client program will be included in the
applicable Sun Life Global Investments Mutual Funds simplified
For more information, visit www.sunlifeglobalinvestments.com.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments offers Canadians a diverse line-up of mutual
funds and innovative portfolio solutions, empowering them to pursue
their financial goals at every life stage. We bring together the
strength of one of Canada's most trusted names in financial services
with some of the best asset managers from around the world to deliver a
truly global investment platform. Sun Life Global Investments manages
more than $11 billion on behalf of institutional and retail investors
from coast to coast and is a member of the Sun Life Financial group of
companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.
About Sun Life Financial
Celebrating 150 years in 2015, 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 a number of markets worldwide, including Canada, the
United States, the United Kingdom, Ireland, Hong Kong, the Philippines,
Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia
As of September 30, 2015, the Sun Life Financial group of companies had
total assets under management of $846 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 figures in Canadian dollars.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
SOURCE Sun Life Financial Inc.
For further information:
Sun Life Financial