2020

January 20, 2020

Core investment platform update: Introducing SLC Management

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 funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).

On June 18, 2019, Sun Life announced the creation of SLC Management: the new brand of Sun Life’s global asset management business. The SLC Management brand replaces the Sun Life Investment Management brand.

SLC Management combines fixed income businesses and the general account team into an autonomous asset management business. It’s dedicated to provide investment solutions across public and private fixed income asset classes, as well as real estate equity and real estate debt. SLC Management will have two related, but distinct, pillars. The fixed income pillar will maintain the SLC Management name and the real estate pillar will be BentallGreenOak.

SLC Management has changed the name of their funds to reflect the new brand name. As a result, the Sun Life segregated fund names were updated to reflect the new underlying fund names. The changes were effective January 2, 2020. The teams managing these funds and the funds’ investment objectives and processes won’t change.

The name change affects the following segregated funds:

Previous fund names

New fund names

Sun Life Core Fixed Income Plus Segregated Fund

SLC Management Core Fixed Income Plus Segregated Fund

Sun Life Long Term Core Fixed Income Plus Segregated Fund*

SLC Management Long Term Core Fixed Income Plus Segregated Fund*

Sun Life Canadian Commercial Mortgage Segregated Fund*

SLC Management Canadian Commercial Mortgage Segregated Fund*

Sun Life Private Fixed Income Plus Segregated Fund*

SLC Management Private Fixed Income Plus Segregated Fund*

*Note: These funds are offered on the DB investment platform only.

How does this affect you and your plan members?

Plan sponsors or plan members aren’t affected by these changes and don’t have to take any action.

About SLC Management

The SLC Management Fixed Income Business includes Prime Advisors, Inc. ("Prime Advisors"), Ryan Labs Asset Management Inc. ("Ryan Labs Asset Management"), and Sun Life Capital Management (U.S.) LLC in the United States, and Sun Life Capital Management (Canada) Inc. in Canada.  The real estate pillar is comprised of the merged operations of SLC Management's Bentall Kennedy business with GreenOak Real Estate. The SLC Management brand includes the investment division and General Account of Sun Life.

As part of the change, Sun Life Institutional Investments (Canada) Inc. has changed its name to Sun Life Capital Management (Canada) Inc. since June 18, 2019. In the U.S., Sun Life Institutional (U.S.) LLC has changed its name to Sun Life Capital Management (U.S.) LLC. since December 31, 2019. Ryan Labs Asset Management and Prime Advisors will merge into Sun Life Capital Management (U.S.) LLC.

Questions?

Please contact your Sun Life Group Retirement Services representative.