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
No sales commissions
Sun Life 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 Group Retirement and Saving account gives you 24-hour access through our interactive phone and online services. You'll also receive detailed statements regularly.
Here are some quick tips for volatile times.
What is a workplace pension plan? How can it help you achieve your retirement savings goals? Find out about the two main types of pension plans and the benefits of each.
If your employer offers a pension plan with matching contributions and you’re not participating, you’re essentially saying no to free money.
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.
Access many self-service options and useful resources to help you manage your workplace 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:
MAX my money @ work makes it easy for you to take advantage of your workplace retirement and savings plans and make the most of your money.
1Sun Life Canadian Unretirement™ Index, February 2014
