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Workplace investments

Saving for yourself doesn't always mean saving by yourself

A workplace plan can help you save more effectively for the things that matter – including life events and retirement. In fact, employees who are in a group savings plan have a real advantage over those who aren’t.1

Here are just some of the advantages your group savings plan offers:

No sales commissions

Sun Life Financial buys directly (wholesale) from the investment manager or mutual fund company so no sales commissions apply.

Lower investment management fees

Together with your employer, we have the bargaining power to negotiate lower investment management fees than you would pay as an individual investor.

No fees to transfer between funds

You can move your money between investments at any time without paying fees.

Instant tax savings

If you have contribution room and you're contributing to a registered pension plan or retirement savings plan by payroll deduction, you can arrange with your employer to have your contributions taken before tax. That way you don't have to wait until you file your income tax return to get the tax benefit.

Leading investment managers

You have access to Canada's leading investment managers, some of whom are only available through a group plan.

Convenience

Payroll deductions make saving easy. You'll be amazed how much you can accumulate in your group savings plan by making regular contributions.

Round-the-clock access

Your Sun Life Financial Group Retirement and Saving account gives you 24-hour access through our interactive phone and online services. You'll also receive detailed statements regularly.

Changing jobs or retiring? We have options to replace your group RRSP or savings plan.

Going through a job change can bring about mixed feelings. We’re here to help. We’ll guide you through your options and help you decide the best way to continue growing your savings.

4 reasons to consider staying with Sun Life:

  • One-on-one guidance
  • Competitive fees
  • Convenient online access
  • Investment fund options

Savings options when you stay with Sun Life 

Small business benefits and savings

Sun Life offers a variety of affordable, customizable benefits and savings plans that are well suited to businesses with 3 to 49 employees. Our innovative solutions deliver the rewards of a healthier, wealthier workforce.

Find out more about benefits and savings plans for small business

Voluntary Retirement Savings Plans (Quebec only)

Money is the biggest source of stress in the workplace and it can significantly impact your staff's health. Give your employees peace of mind by equipping them with a workplace savings plan such as a Voluntary Retirement Savings Plans (VRSP) to help them make their dreams come true. You'll have employees who are healthy, more productive, engaged... and happy.

Learn more about VRSPs

  • Download the my Sun Life Mobile app

    Submit claims, view coverage details, check balances, make contributions or use your smartphone as your drug and travel card with the my Sun Life mobile app.

    Learn how to download our app

  • Register for my Sun Life

    Access many self-service options and useful resources to help you manage your workplace savings plan.

    Register now

1Sun Life Canadian Unretirement™ Index, February 2014