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
Dougherty named president of Sun Life Global Investments
Rising dollar reduced earnings by $19 million
Sun Life Financial Inc.’s MFS Investment Management is getting into the alternative investments business. The Boston-based firm said that the first step of this expansion is the formation of a new subsidiary whose business strategy will be to provide significant seed and expansion capital to emerging hedge fund managers. The new subsidiary, Four Pillars Capital, […]