Kevin Strain will take over as president and CEO of Sun Life Financial in 2021. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Higher returns with target date funds *Includes all Target Date Funds offered on the Sun Life Group Retirement Services investment platform. Sun Life Global Investments adds new 2060 funds to Granite Target Date and Multi-Risk Target Date Fund series. Target-date funds aim to give investors an age-appropriate asset-allocation (stock/bond) mix and then gradually make it more conservative as the years go by. To know more about these funds, consult a Sun Life Financial Advisor, visit http://www.sunlifefunds.com/, or call 849-9888. Past performance is no guarantee of future results. Fund performance data Since you need to understand how your investments are performing at all times, we’ve collected all the fund details in one place, organized and grouped for your convenience.Here you can view all the up-to-date information about our funds, including fund facts, performance, codes and other relevant details. Select the Target Date Fund with the date closest to your planned retirement date. Following a glide path, the Fund … The first challenge with target-date funds is that all funds are not created equal. 1,572 total views, 3 views today. All you have to know is what year you plan to retire. Please contact your Sun Life Group Retirement Services representative. The objective is to enhance return consistency relative to the broad global bond benchmark. The mix of individual securities in each fund may also vary considerably. Specifically, SLGI has replaced all current investments in the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Fund. © Sun Life Assurance Company of Canada. Some funds also offer the opportunity to lock in a specific asset mix (such as 25% equities, 75% fixed income) to extend past the target date and into your retirement. Sign up for FREE personalized tips, tools and offers. A 25 year-old man who plans to retire at age 65 will likely choose a fund dated 40 years out. SUN LIFE MILESTONE FUNDS With Sun Life Milestone Funds, clients select a fund with a maturity date that best matches the year they expect to require the money, known as the target maturity date. - (9:54) A case study of the benefits of plan design changes - (11:38) Sun Life… The Vanguard Group, Inc. manages nearly US$358 billion of target-date assets and experienced more than US$56 billion cash flow into its target date mutual funds and collective trusts in 2015. As the target Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada). Here’s how we can help you. Sun Life Financial introduced the first lifecycle target date funds with a guarantee for employer-sponsored group retirement savings plans in Canada in April 2005 . Wellington is one of the largest fund managers in the world with over $US 1 trillion in AUM. Changes to the Sun Life Financial Universe Bond Segregated Fund – … Fund At Sun Life, we have always built our business on ethics and integrity. As Filipinos, we are hardworking and resourceful with our money. including Fidelity funds, certain third-party funds and products, and certain investment services. They may also soften the downside of tough markets - especially as retirement appears on the horizon. BlackRock Asset Management Canada Limited (BlackRock) has added a 2060 fund to its LifePath® target date fund suite. 50% Equity / 50% Fixed Income Low to Medium Risk. Escape will cancel and close the window. Extensive coverage and expert comment on important topics in the financial advisory industry. In August 2018, we discovered that Sun Life Global Investments Canada (SLGI) submitted incorrect benchmark returns to Morningstar® for the months of April, May and June 2018 for the two series of segregated funds below (the Funds): Sun Life Financial Granite Target Date Funds Sun Life Financial Granite Multi-Risk Target Date Funds. Target-date funds work by rebalancing the asset allocation throughout the fund’s life until it hits the target date. You should review your retirement projections with your financial advisor annually to ensure they are still realistic. The safety and security of Client data is one of our top priorities. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise. But if managing your own money for the next 30 years or more seems like a daunting challenge, a target-date fund (TDF) may be the solution. Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. These are target-date funds that mature in 2035 or earlier and after 2030. MFS was founded in 1924. Find out which funds work best for you and your goals. SLAMCI also has a suite of target date funds, the Sun Life Prosperity Achiever Funds, which grow one’s mutual fund investments over a specific period of time. A TDF automatically resets the asset mix of stocks, bonds and cash equivalents in your portfolio in relation to a selected date closest to the date you plan to retire. Previously, Greg was the Head of iShares Equity Portfolio Management team within BlackRock's Index Equity team where he was responsible for overseeing the management of the Americas listed iShares equity funds. Designed for investors who anticipate retiring in or within a few years of the portfolio’s target retirement year at or around age 65. Subscibe to Sunlife's Brighter Life emails for personalized tips, tools and offers. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. You may discover that you need to contribute more or work longer to finance the standard of living you’re looking for in retirement. Rankings. Each of the Funds’ respective benchmarks have been modified effective April 1, 2020 to reflect the above-mentioned changes. Escape will cancel and close the window. The Sun Life Granite funds are a suite of multi-manager solutions designed to help plan members save for their retirement. If you are uncomfortable with risk, you may want to look at a TDF that offers a guaranteed maturity value. Videos. Target date funds focus on a goal, such as retirement, and have asset mixes that change throughout the life of the fund. Since that, time TDF assets under management have grown more than 10x reaching $763 billion at end 2015. This makes investing a viable opportunity to build and grow wealth for our financial goals. … We know that’s a big responsibility. Follow her @SherylSmolkin. Make well-informed decisions with helpful advice. Target-date funds are mutual fund or exchange-traded funds (ETFs) structured to grow assets in a way that is optimized for a specific time frame. When logged in, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments > Governance reports. Please select your language preference on the right hand side. As of March 2020, assets in target-date mutual funds and collective investment trusts totaled approximately $1.9 trillion. BlackRock’s history with target-date funds stretches back to the 1990s, but most importantly, the firm has remained steadfast in evolving its target-date options - (6:06) How target date funds can help members navigate market volatility - (8:21) What can plan sponsors do? Driving innovation. SLGI Granite Target Date and Granite Target Risk enhancements, Canadian Fixed Income (Sun Life Granite Target Risk Funds only), RightDirections™ Employee Assistance Program, Professional Associations and Affinity Groups. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. I am currently 27 years old. Each spring, Sun Life Global Investments (SLGI) formally reviews the long-term strategic target allocations for the Sun Life Granite Series of Target Date Funds, Sun Life Granite Series of Multi-Risk Target Date Funds and Sun Life Granite Target Risk Funds. This movement is called the fund’s glide path. As the fund nears the target date, it gradually gets more conservative, shifting from a larger allocation in stocks and into bonds and cash. To reach your destination successfully, you have to invest your money effectively over time. A sample of approximate holdings (as of Aug. 31, 2020) with a target date of 2045 demonstrates this point. Partnering with Sun Life for a Brighter Future. Plan members expecting to retire around the year 2060 may benefit from this new fund. 7 Wall Street analysts have issued ratings and price targets for Sun Life Financial Inc. (SLF.TO) in the last 12 months. U.S. News evaluated 342 Target-Date 2060+ Funds. Enhancements to the Granite Series Target Date and Target Risk funds – April 4, 2016. 2060 fund added to the BlackRock LifePath® Index Target Date Fund suite. While his contributions may initially be heavily weighted towards equities, the asset mix will shift over the course of his career. Since then, the company has guided investors through every market condition on record. With our LifeStrategy Funds you assume more responsibility. Take charge of retirement savings by learning the pros and cons of target-date funds, also called life-cycle funds, and how they fit into your portfolio. Beginning of dialog window. They include: The Code of Conduct that tells every Sun Life employee and advisor how we expect them to act; Disciplined and well-ordered risk management systems The principal value is not guaranteed at any time, including at the target date. Target Wealth: The Evolution of Target Date Funds 5 3vestment problem The in In the most basic TDF, there are only two possible investments: a bond index and an equity index. This fund has been automatically added to your fund line-up, since you currently offer the Fidelity ClearPath® target date fund series. All rights reserved. The target date in the funds name is the approximate date an investor plans to start withdrawing money. Each spring, Sun Life Global Investments (SLGI) formally reviews the long-term strategic target allocations for the Sun Life Granite Series of Target Date Funds, Sun Life Granite Series of Multi-Risk Target Date Funds and Sun Life Granite Target Risk Funds. SLGI has reduced the exposure to large cap Canadian core equities in the funds from 33.3% to 30.0%. This is because your investment will have less and less time to recover from any stock market volatility you may encounter, which leads many investors to prefer a more conservative approach as retirement nears. Target Date Funds: America’s #1 Retirement Investment Dual View He is responsible for overseeing the management of the LifePath Target Date Funds as well as a wide range of fund of funds for both Institutional and Defined Contribution clients. For example, a younger worker hoping to retire in 2065 would choose a target-date 2065 fund, while an older worker hoping to retire in 2025 would choose a target-date 2025 fund. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers. Funds appeal to customers looking for simple solutions for workplace retirement savings plans. Learn more about Sun Life Prosperity Funds. Target date funds have more than one job to do. This allows for an increase in the non-Canadian equity allocation. From the list below, pension mgr recommended to put in maybe 50% into the 2045 target date fund and the other 50% into the 2050 target date fund. The target date fund choice for 20% of Fortune 100 companies * “On the forefront of the target-date industry” according to Morningstar; Target date funds have more than one job to do. Achieving Success with Target Date Funds 7 ways target-date funds could be better Why young investors should fall in love with target-date funds. They may also soften the downside of tough markets - especially as retirement appears on the horizon. Articles. Their average twelve-month price target is C$61.31, predicting that the stock has a possible upside of 7.24%. Investing in mutual funds such as Sun Life may seem like a challenging task, but doing a little research and knowing your investing goals makes it easier. These are target-date funds that mature in 2030 or earlier and after 2025. We set strict guidelines and rules about how we do business. Select the Target Risk Fund that most closely matches your risk profile. The GRS Investment Solutions team has reviewed the changes with SLGI and is comfortable with them. The high price target for SLF is C$71.00 and the low price target … To enhance overall portfolio diversification, SLGI will reallocate some Canadian core bond exposure towards U.S. core bonds. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. As long as they remain invested in the fund until maturity, they will receive a guaranteed maturity value. In September 2016, BlackRock Asset Management Canada Limited (BlackRock) revised the benchmark returns for the BlackRock LifePath® Index Series of target date funds (the Funds) for the month of May 2016. Copies of the revised SIP&Ps are available on Sun Life’s Plan Sponsor Services website at SunLife.ca/sponsor. Following the 2020 review, SLGI has announced the following changes to the three fund series. You can include a TDF in your individual RRSP, or choose to invest in one through your workplace plan. Sheryl Smolkin is a lawyer who writes about workplace pensions and benefits. Beginning of dialog window. Learn more about privacy and how we collect data to give you relevant content. You can buy some of our insurance products online. You’ve opened a registered retirement savings plan (RRSP) or joined the company-sponsored savings plan and you’re making regular contributions. The Wellington Fund’s investment objective is to seek long-term capital appreciation and income. Target date funds are ideal for addressing a financial goal slated for a future date, such as retirement or funding a child’s education. For assistance on which fund suits you best, talk to your Sun Life Financial Advisor or email us at sunlink@sunlife.com. Neither asset allocation nor diversification ensures a profit or guarantees against loss. All rights reserved. First, they have to grow savings by managing decades of risks and returns. © Sun Life Assurance Company of Canada. By his projected retirement date, the equity component will be reduced significantly. The closer you get to the maturity date, the more your fund will be weighted towards bonds and cash and away from stocks. Vanguard offers mutual funds for target retirement dates for every five years from 2020 to 2065. Talk to your advisor or find one near you - there is no cost to talk to an advisor. Like a jet on autopilot, target date funds do all of the driving. Note that this change is not applicable to the Sun Life Granite Target Date series of Funds because they already offer broad credit exposure. Investing in a TDF ensures you have a professionally managed and diversified portfolio. Given a specified target date (the anticipated retirement date of the DC plan member), the allocation to stocks and bonds is determined by a glide path. A TDF may also give you access to niche asset classes that may reduce portfolio volatility, such as infrastructure and real estate. It has been managing investments since 1928. Sun Life Capital Management (Canada) Inc. (“SLC”) is the sub-advisor of the core plus bond fund. However, that doesn’t mean you can completely “set and forget” your retirement savings until it’s time to cash in your chips. Learn more about privacy and how we collect data to provide you with more relevant content. Sun Life Granite Income Portfolio. But target-date funds – which invest across several asset types, in different allocations, as you age – do it all for you. For example, how and when the asset mix transitions from mostly equities to a higher fixed-income component (called the “glidepath”) can vary dramatically among funds. 3 Effective May 24, 2019, the Sun Life Multi-Strategy Target Return fund changed investment objective and sub-advisor to become the Sun Life Opportunistic Fixed Income Fund (sub-advised by Wellington). Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. If managing your own money for the next 30 years or more seems like a daunting challenge, a target date fund (TDF) may be the solution. Awards and recognition. And we follow them, wherever we do business. These terms and conditions there is no cost to talk to your retirement. ( as of July 20, 2020, Sun Life Milestone funds is all! ( 6:06 ) how target date fund series allocations, as you –! 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