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 fund listed below, which is established as a segregated fund under the Insurance Companies Act (Canada).

Franklin Templeton Investments (FTI) announced a name change to the Franklin Bissett Canadian Equity Fund (the fund) effective May 6, 2024. As a result of this change, Sun Life will update the segregated fund name to reflect the new name on May 31, 2024.

Previous fund name New fund name
Franklin Bissett Canadian Equity Segregated Fund  Franklin ClearBridge Canadian Equity Segregated Fun

There are no changes to the fund’s investment objectives, strategies, team, or process. The equity team continues to be led by Garey Aitken (Chief Investment Officer).

Rationale for the name change

FTI integrated the Franklin Bissett investment team into ClearBridge Investments in October 2022, as communicated here. FTI are retiring the Franklin Bissett brand.

How does this affect plan sponsors and plan members?

Plan sponsors or plan members won't be affected, and they don't have to take any action. Plan members who have money in the fund will see the name change beginning on May 31, 2024. We’ll communicate this name change to impacted members.

Do you have to take any action?

You and your members don’t have to take any action as a result of these changes.

Questions?

Please contact your Sun Life Group Retirement Services representative.