Sun Life announces $114M annuity purchases with Fraser Papers pension plans
Sun Life’s recent annuity buy-in transactions secure pension benefits for over 700 former Fraser Papers Inc. employees.
TORONTO, ON – (November 12, 2025) – Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced the successful completion of two annuity buy-in transactions totalling $114 million with the Board of Trustees of the two New Brunswick shared risk plans for former employees of Fraser Papers Inc.
"We're proud to have played a role in helping secure benefits for Fraser Papers’ plan members," said Mathieu Tessier, Vice-President, Client Relationships & Innovation, Defined Benefit Solutions, Sun Life. "These transactions showcase our commitment to developing solutions that protect pensioners, even in the most challenging circumstances."