SunAdvantage™ my savings gets lower fees and a website update

August 10, 2015

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the fund listed below, which is established as segregated fund in accordance with the Insurance Companies Act (Canada).


We actively monitor the competitive landscape of the small business market to ensure we provide our clients with a competitive edge. We recently conducted a review of the overall costs to administer our SunAdvantage my savings product offering. As a result, we are pleased to be able to offer lower investment management fees (IMFs) for the funds offered under SunAdvantage my savings, effective August 4, 2015.

In addition, SunAdvantage my savings plan members will receive their first Tax-Free Savings Account (TFSA) withdrawal free each calendar year. A $25 fee will continue to apply for any additional withdrawals during the year. These new fees will apply to both existing and new SunAdvantage my savings business.

The table below highlights the new IMFs, effective August 4, 2015.

SunAdvantage my savings Funds

 

Current IMFs

New IMFs
(Effective
August 4, 2015)

TARGET DATE FUNDS

SLF 2020 Milestone® Segregated Fund

2.15%

1.95%

SLF 2025 Milestone® Segregated Fund

2.20%

1.95%

SLF 2030 Milestone® Segregated Fund

2.25%

1.95%

SLF 2035 Milestone® Segregated Fund

2.25%

1.95%

SLF 2040 Milestone® Segregated Fund

2.25%

1.95%

SLF 2045 Milestone® Segregated Fund

2.25%

1.95%

SLF Granite™  Retirement Segregated Fund

2.00%

1.90%

SLF Granite™  2020 Segregated Fund

2.05%

1.90%

SLF Granite™  2025 Segregated Fund

2.10%

1.90%

SLF Granite™  2030 Segregated Fund

2.15%

1.90%

SLF Granite™  2035 Segregated Fund

2.15%

1.90%

SLF Granite™  2040 Segregated Fund

2.15%

1.90%

SLF Granite™  2045 Segregated Fund

2.15%

1.90%

SLF Granite™  2050 Segregated Fund

2.15%

1.90%

SLF Granite™  2055 Segregated Fund

2.15%

1.90%

TARGET RISK FUNDS

SLF Granite™  Conservative Segregated Fund

1.95%

1.70%

SLF Granite™  Moderate Segregated Fund

1.95%

1.70%

SLF Granite™  Balanced Fund Segregated Fund

1.95%

1.70%

SLF Granite™  Growth Segregated Fund

1.95%

1.70%

SLF Granite™  Aggressive Segregated Fund

1.95%

1.70%

GUARANTEED / MONEY MARKET FUNDS

SLF Money Market Segregated Fund

1.60%

1.35%

BOND / FIXED INCOME FUNDS

SLF Bond Segregated Fund

1.90%

1.65%

SLF Bond Index Segregated Fund

1.75%

1.50%

BALANCED FUNDS

SLF Balanced Value Segregated Fund

1.95%

1.70%

SLF Balanced Growth Segregated Fund

1.95%

1.70%

CANADIAN EQUITY FUNDS

SLF Canadian Equity Value Segregated Fund

1.95%

1.70%

SLF Canadian Equity Core Segregated Fund

1.95%

1.70%

SLF Canadian Equity Growth Segregated Fund

1.95%

1.70%

U.S. EQUITY FUNDS

SLF U.S. Equity Segregated Fund

1.95%

1.70%

SLF U.S. Equity Index Segregated Fund

1.75%

1.50%

INTERNATIONAL EQUITY FUNDS

SLF International Equity Index Segregated Fund

1.95%

1.70%

SLF International Equity Segregated Fund

2.40%

2.15%

GLOBAL EQUITY FUNDS

SLF Global Equity Index Segregated Fund

1.95%

1.70%

SLF Global Equity Segregated Fund

2.40%

2.15%


Website updates gives you more access
To make it easier for you to access SunAdvantage my savings information, we’ve updated our website with product information, marketing collateral, and applications and contracts. Visit www.sunlife.ca/sunadvantagemysavings or www.sunlife.ca/monepargnesunavantage to learn more!

Questions?
Please contact your Sun Life Financial Group Retirement Services representative.