|Last Price$9.68||Day Change (%)0.10%|
|Open Price$9.68||Day Change ($)0.01|
|Day Range9.68–9.68||52-Week Range9.55–10.36|
As of Fri 02/17/2017 | USD
Canada's Sun Life Financial Posts Higher Profit
News Highlights: Top Financial Services News of the Day
Teamwork defines this venerable, Boston-based fund firm.
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Plus, news on Jensen, Hartford, Fidelity, Janus, and more.
Declining or volatile human capital has implications for your emergency fund, insurance choices, and asset location.
Plus, MFS back to hiring, Old Mutual reorganizes, and more.
Sun Life Financial ’s announcement that it will exit the business is the latest in a growing trend. The main culprit is that many variable annuity products hedged their exposure incorrectly.
The question naturally arises from Canadian life insurer Sun Life Financial ’s decision to unload its U.S. annuity business for $1.35 billion, and recent shakeups in the annuity business.