What does the collapse of US banks mean for Canadian investors and your money?

Are you concerned with the news of the collapse of Silicon Valley Bank (SVB) and Signature Bank (SBNY)? Maybe you’re wondering how this affects Canada, and particularly your group retirement savings. To help better understand what, if any, effect there might be, our teams at Sun Life have prepared an article with what you need to know.

Click here to read our recent article titled, What does the collapse of US banks mean for Canadian investors and your money?

We know it’s important to be informed on what group plan members are invested in. Our GRS Investment Solutions professionals provide a valuable perspective on the investment platform, as well as manager and fund monitoring and evaluation. During times of uncertainty, their expertise is critical in providing ongoing analysis of the investment managers and funds available on our core investment platform. As part of this regular investment governance, we’ll continue to monitor the markets and remain committed to updating you, through timely communications, on anything that may affect your group plans. 

We have received responses from almost all of our investment platform managers. The direct impact to most funds on our Core investment platform is minimal. Most funds had no exposure to SVB or SBNY.

We will continue to provide updates on this evolving topic.

If you have any questions, please contact your Sun Life Investment Solutions Executive or Group Retirement representative.