Changes to the Sun Life Financial Simplified Pension Plan (SPP) and SunAdvantage™ my savings Simplified Pension Plan (SPP) / Tax-Free Savings Account (TFSA)

July 20, 2015

In an effort to provide a consistent experience for all Simplified Pension Plan (SPP) clients in Québec, we will no longer be selling the SunAdvantage my savings SPP/TFSA effective immediately.

How does this change impact existing SunAdvantage my savings SPP/TFSA clients?

Within the next year existing SunAdvantage my savings SPP/TFSA clients will be converted to a Sun Life Financial SPP and TFSA with more options and flexibility. There will be more information to follow regarding this transition and related communications.

Please note: all SunAdvantage my savings SPP/TFSA collateral will no longer be available, with the exception of Employee Enrolment Guides, which will remain available until the Plan is converted. We will share future updates once information is available.

Additional resources and support
To learn more about the Sun Life Financial SPP review the
Simplified Pension Plan brochure. Beginning this month, SunAdvantage my savings plans that are sold in Quebec will be assigned to the Small Business Centre instead of the Sponsor Care Centre. All SPP start-ups with less than $75,000 annual cash flow will also be assigned to the Small Business Centre. Located in Montreal, the Small Business Centre's licensed representatives offer service and sales support to advisors and clients in Quebec.

Please contact your Sun Life Financial Group Retirement Services representative.