News

July 25, 2019
Canadians need your help to transfer their wealth – find out why

In a NewsFlash article on April 18, we reminded you about the $1 trillion Great Intergenerational Wealth Transfer that’s happening right now.

July 11, 2019
We’re moving to paperless statements for Sun Life Guaranteed Investment Funds

Sun Life will be moving to paperless statements for advisors and distributors.

June 27, 2019
Your action is required for Age 71 conversions

Do you have Clients turning 71 this year who own Insurance GIC* and Trust GIC retirement savings plans?

June 04, 2019
Now available - Sun Life GIFs: Sun Life Tactical ETF Portfolios and Sun Enhanced Balanced fund

As communicated in May 16 NewsFlash you can now use new materials to promote and sell Sun Life GIFs. In addition, we’ve enhanced our fund lineup by adding six new funds – visit Sun Life Tactical ETF Portfolios and Sun Enhanced Balanced Fund websites for more information.

May 30, 2019
Market opportunity - help Clients leaving a DB pension plan
It’s predicted that by 2026, defined benefit (DB) plans will be close to zero*. The number of DB plans in the private sector available to new employees is dwindling. This shift is happening now. Clients that do have DB plans may have options that they may or may not know about when retiring or their employment ends. This life-changing point in time can be emotional, stressful and sometimes confusing – what to do?
May 16, 2019
What you need to know about Sun Life GIFs – New materials coming later this month

Sun Life GIFs are a key and flexible choice for Clients’ wealth portfolios. Each year, Sun Life Financial is required to re-file the point-of-sale materials and, as communicated in NewsFlash on March 21, 2019, we’re also revising and enhancing our fund lineup.

April 18, 2019
Clients need your help to pass on their legacy - their way

Have you seen this remarkable statistic about the “Great Wealth Transfer” in Canada?

March 21, 2019
Attractive new fund choices for Clients in Sun Life GIFs

We have good news to share about the investment options available in Sun Life GIFs. We’re adding attractive new options to our fund lineup. Making Sun Life GIFs a part of Clients’ wealth portfolios can help them reach their financial and retirement goals.

January 10, 2019
Coming soon: your Clients' 2018 guaranteed savings & retirement statements

Starting January 17, 2018, we’ll be mailing the Client copy of the Sun Life Financial guaranteed wealth statements for Insurance GICs* and Guaranteed Investment Certificates (GICs). All statement mailings will be completed before the end of February.

January 10, 2019
Sun Life GIFs Client statements and tax slips: dates you need to know

Are Clients asking when they’ll get their Sun Life Guaranteed Investment Funds (GIFs) statements and tax slips?

December 20, 2018
New online portal for New Brunswick LIF to RRIF transfers

Earlier this year, the Financial and Consumer Services Commission of New Brunswick (FCNB) implemented the FCNB Self-Serve Portal for temporary pension applications (one-time unlocking LIF to RRIF transfer). Advisors are required to set up an account on the FCNB self-serve portal to submit Client applications for unlocking. For more information refer to Portal Basics FAQ or Guide to using the online portal - LIF/RRIF transfers.

December 06, 2018
Learn how guaranteed investment funds can help business ownersClients may not know that a Sun Life Guaranteed Investment Funds (GIFs)* contract owned at the corporate level offers several attractive benefits for business owners.
November 22, 2018
Newfoundland and Labrador makes changes for LIF owners

Earlier this year, Newfoundland and Labrador announced changes to the life income fund (LIF) requirements. Client letters and addendums are going out in early December, 2018. If Clients have any questions, they're directed to contact their advisor or Sun Life Financial’s customer service centre.

November 08, 2018
It’s easy to share Sun Life GIFs point of sale material electronically

You can now send Clients their Sun Life GIFs point of sale materials electronically – it’s easy. If they’ve chosen to receive them in this manner, just do the following:

  • Go to Fund Facts
  • Check the box beside each Fund Fact, information folder & contract and/or supplement you want to send
  • Click on “Email” at the top of the column to send documents
November 08, 2018
90 is the new 80 – for Sun GIF Solutions Estate SeriesSun GIF Solutions Estate Series’ 100% death benefit guarantee is popular with Clients because it protects the value of their estate for their beneficiaries. Now it’s even more appealing. Effective November 19, 2018, we’re extending the maximum age for deposits into Sun GIF Solutions Estate Series to December 31 of the year the annuitant turns age 90 – up from age 80 – with a few restrictions as outlined below.
November 08, 2018
New policy maturity and maximum issue age for insurance GICs

Effective December 7, 2018, insurance GIC* policies will have a policy maturity date of December 31 in the year the annuitant reaches age 100. In addition, the annuitant’s age at policy issue must be 90 or less. We’ll no longer accept applications for annuitants over age 90.

September 27, 2018
Do you have Clients turning 71 who own guaranteed interest investments in an RRSP?

If you have Clients turning 71 this year who own guaranteed wealth products in a RRSP, your action is required by November 30. Under the Income Tax Act, these Clients must either convert to a retirement income vehicle, or collapse their plan by December 31, 2018.

August 30, 2018
SunFlex Retirement Income no longer for sale as of September 16

As of September 16, 2018, we’ll no longer offer SunFlex Retirement Income (SunFlex) for sale.

August 16, 2018
Segregated fund products – Industry best practices for meeting clients’ needsThe Canadian Life and Health Insurance Association (CLHIA) has published several reference documents that outline industry best practices for advisors when discussing segregated fund products with clients.
July 05, 2018
NewsFlash: your source for mission-critical business updates from Sun Life Financial

NewsFlash is your go-to source for all product, operations and company-related updates under the sun – well, from Sun Life Financial and Sun Life Global Investments.

June 21, 2018
New point-of-sale documents for GICs – starting early next month – and other revisions to forms

New requirements from the Canada Deposit Insurance Corporation (CDIC) for guaranteed investment certificate (GIC) products come into effect later this year. A key requirement is that you provide a new, simplified CDIC brochure to clients at point of sale.

June 07, 2018
Do you have clients turning 71 who own guaranteed interest investments in an RRSP?

If you have clients turning 71 this year who own guaranteed wealth products in a registered retirement savings plan (RRSP), your action is required by November 30. Under the Income Tax Act, these clients must either convert to a retirement income vehicle, or collapse their plan by December 31, 2018.

June 07, 2018
You now need to use updated Sun Life GIFs point-of-sale materials and have new options for fund facts

Starting June 4, 2018, you must use updated application forms and provide updated information folders, contracts and fund facts to clients at the point of sale for new contracts. We’ve also created a new option for delivering the fund facts and updated our marketing materials and some of our administrative forms.

May 10, 2018
What you need to know for June 4: Sun Life GIFs point-of-sale materials and new fund facts options

Every year, Sun Life Financial is required to re-file the point-of-sale materials for our Sun Life Guaranteed Investment Funds (GIFs) products. Starting June 4, 2018, you must use updated application forms and provide updated information folders, contracts and fund facts to clients at the point of sale for new contracts.

March 15, 2018
Important fee changes to Sun Life GIFs contracts coming soon – what you need to know

Effective June 4, 2018, we're reducing costs for many Sun Life Global Investments-based funds by 5 to 35 basis points.

February 01, 2018
Boost your tax knowledge to help business owners and earn CE credits

Build your tax knowledge to have more in-depth wealth planning conversations with business-owner clients and earn continuing education credits with these 5 updated Tax in Practice modules.

February 01, 2018
1.75%* 1-year rate on our redeemable insurance GIC – Don’t miss out!

Help clients grow their savings with our great 1-year rates on our redeemable insurance GIC** (accumulation annuity) – our highest RRSP season rates in 8 years. It’s an excellent opportunity for clients with maturing investment terms this RRSP season. This offer is available on all registration types: RRSP, RRIF, TFSA, non-registered and locked-in funds.

January 18, 2018
Coming soon: Your clients' 2017 guaranteed savings & retirement statements

Starting January 22, 2018, we'll be mailing the client copy of the Sun Life Financial guaranteed wealth statements for Insurance GICs* and Guaranteed Investment Certificates (GICs). All statement mailings will be completed before the end of February.

January 18, 2018
Rates are rising - take advantage with this great 1 year rate

Interest rates are rising. Our insurance GIC 1 year rate hasn't been this high in 8 years. For a limited time, Sun Life Financial is offering clients a great 1 year rate on our redeemable Insurance GIC*. This promotion** is available on all registration types: RRSP, Income Master RRIF, TFSA, non-registered and locked-in funds. To receive this excellent rate, simply submit the direction for an investment as normal.

January 04, 2018
Sun Life GIFs client statements and tax slips: dates you need to know

Are clients asking when they’ll get their Sun Life Guaranteed Investment Funds (GIFs) statements and tax slips? Here are the mailing dates...

January 04, 2018
Sun Life GIFs - New checklist for transfers
A Transfer Checklist
for Sun Life Guaranteed Investment Funds (GIFs) has been created to help ensure all required documents are received and the transfer can be processed efficiently.
November 30, 2017
Payout annuity large case quoting just got easier!

We're pleased to announce that on December 4, the large case maximum quoting capability on the Payout annuity illustration system will increase from $1 million to $2 million.

October 31, 2017
Cure clients’ insomnia by curing yours first

Sleepless nights brought on by unpredictable tomorrows? Happily, there’s a solution. Sun GIF Solutions offers clients the ability to move easily between investment, income and estate needs under one contract.

October 19, 2017
Update on fund changes for Sun Life GIFs

In August, we published a detailed article about fund changes for Sun Life GIFs. Since then, some of these changes have occurred and some will happen soon.

September 21, 2017
What you need to know about upcoming changes to the Sun Life GIFs illustration tools

On September 25, we're updating the Sun Life GIFs illustration tools for Sun GIF Solutions and Sun Lifetime Advantage GIF - here's how.

September 21, 2017
Want to boost your tax knowledge and earn CE credits?Do you want to build your tax knowledge to have more in-depth wealth planning conversations with clients? Are you looking to earn continuing education (CE) credits? Check out our updated Tax in Practice modules.
September 21, 2017
Do you have clients turning 71 who own guaranteed interest investments in an RRSP?

Help them take action by November 30

If you have clients turning 71 this year who own guaranteed wealth products in a registered retirement savings plan (RRSP), your action is required by November 30. Under the Income Tax Act, these clients must either convert to a retirement income vehicle, or collapse their plan by December 31, 2017.

August 21, 2017
How upcoming fund changes may affect Sun Life GIFs clients
Sun Life Global Investments (Canada) Inc. recently announced several changes to its mutual funds, intended to provide investors with more long-term value. These changes affect Sun Life Guaranteed Investment Funds (GIFs) clients and SunFlex Retirement Income clients, who will receive a letter from Dean Chambers, Sun Life's Vice President, Insurance Management. We're mailing these letters (Sun GIF Solutions
| Sun Lifetime Advantage
| Sun Protect
| SunFlex Retirement
) to clients the week of August 21.
May 18, 2017
How to help clients avoid MVAs on guaranteed interest investments

Sun Life Financial Insurance GICs* and Trust GICs are redeemable, giving clients the ability to access their money at any time. But for early withdrawals, it's important to remember that market value adjustments (MVAs) may apply which could be significant, especially in a rising interest rate environment.

May 04, 2017
What you need to know for May 15: Sun Life GIFs point-of-sale materials

Every year, Sun Life Financial is required to re-file the point-of-sale materials for our Sun Life Guaranteed Investment Funds (GIFs) products. With our re-filing complete for 2017, we've made necessary updates to the point-of-sale and marketing materials. We've also updated some of our administrative forms and changed the names of 2 of our funds.

January 12, 2017
Coming soon: Your clients' 2016 guaranteed savings & retirement statements

Starting January 23, 2017, we'll mail the client copy of the Sun Life Financial guaranteed wealth statements for Insurance GICs* and Guaranteed Investment Certificates (GICs). All statement mailings will be complete before the end of February.

January 12, 2017
Hot rate on 4 year Insurance GIC (Superflex-AA)

For a limited time, Sun Life Financial is offering clients a hot 4 year rate on our redeemable Insurance GIC*. This promotion** is available on all registration types: RRSP, RRIF, TFSA, non registered and locked-in funds. To receive this great rate, simply submit the direction for an investment as normal.

January 12, 2017
Sun Life GIFs client statements and tax slips: dates you need to know

Are clients asking when they'll get their Sun Life Guaranteed Investment Funds (GIFs) statements and tax slips?

December 22, 2016
Sun Life GIFs transaction confirmations now easier to understandWe’ve redesigned the transaction confirmations we send to clients who own Sun Life Guaranteed Investment Funds (GIFs) contracts, to make them easier to read and understand.
December 22, 2016
Nova Scotia updates the Pension Benefits ActNew pension legislation changes give clients who have pension funds governed by Nova Scotia legislation more flexibility with their locked-in funds.
November 10, 2016
Transition rules: January 1, 2017 Prescribed Annuity tax changesThe tax rules that apply to prescribed annuities will change on January 1, 2017.
September 29, 2016
Have clients turning 71 who own guaranteed interest investments in an RRSP?If you have clients turning 71 this year who own guaranteed wealth products in a registered retirement savings plan (RRSP), your action is required by November 30. Under the Income Tax Act, these clients must either convert to a retirement income vehicle, or collapse their plan by December 31, 2016.
September 15, 2016
Now's the time for clients to convert cash to guaranteed income

Market volatility is persuading many Canadians to hold record amounts of cash.*

June 23, 2016
Allocations to be made to some UL policyholders that have exposure to CI Investments funds

In February 2016, CI Investments Inc. (CI) informed us that it will be making special payments to current and former investors in a number of CI funds, as a result of an error that led to interest income earned by the funds not being recorded as an asset of the funds. Some of these CI funds are included in our Universal Life (UL) product and policyholders were affected.

June 09, 2016
Navigating your statement guides now available for Sun Life GIFs

With Sun Life Financial's new Navigating your statement reference guides, you can show clients how their statements will look while also providing additional context concerning contract activity, income guarantees and other important details.

June 09, 2016
Action required for clients who turn 71 this year and own guaranteed products in an RRSP

The Income Tax Act requires clients turning age 71 this year and who own guaranteed interest products in an RRSP to either convert to a retirement income vehicle or collapse those plans by December 31, 2016. On June 14, 2016, we'll send you a copy of the letter we sent to clients who are turning 71 and own Accumulation Annuities (AA) and/or Guaranteed Investment Certificates (GICs). It's important to contact these clients to help them comply with federal regulations.

May 12, 2016
Fillable forms for Application for change to an existing life insurance policy and Investment account change and allocation
Effective April 25, the Application to an existing life insurance policy form (87)
and Investment account change and allocation form (154W)
are now fillable and available for online completion.
May 12, 2016
Changing investment options for pending issue applications made easier

We've improved the Changing investment options or changing plan type to SunUniversalLife/SunUniversalLife Max or Sun Limited Pay Life on a pending application form (4710) to speed up the handling time in certain cases.

April 28, 2016
Updates for Sun Life GIFs effective May 9: new materials, forms, and fund changes Every year, Sun Life Financial is required to re-file the point of sale material for our Sun Life Guaranteed Investment Funds (GIFs) products. Our re-filing is complete for 2016 and as a result, we've made necessary updates to the point of sale and marketing material.
February 18, 2016
Tax slip information to help clientsIt's tax time! We've provided some helpful information that you can use as a reference for helping clients.
February 18, 2016
We're notifying clients about recent changes to BC pension plansNew pension legislation changes give clients with pension funds governed by British Columbia legislation more options with their locked-in funds.