Sun Life revamps retirement plan

Wednesday, 02 December 2009 12:00

Sun Life Financial of Canada has increased the funds available to clients investing in its retirement income product, i2Live, as part of an update.

There are now 79 underlying funds in the range, including eight new tracker products which will provide investors with access to each major equity market.

And the addition of nine new funds run by M&G, which focus on fixed income, will also add a broader range of investment strategies to Sun Life's proposition, it said.

Mark Stopard, interim head of marketing, said: "We are constantly reviewing i2Live to ensure it provides the ultimate flexible retirement income solution."

It has teamed up with investment analyst, Old Broad Street Research (OSBR), to select the new funds.

Sun Life said the product now also benefited from the inclusion of protected rights funds with an income guarantee to the drawdown element.

And it has revised the level of equity exposure allowed with the income guarantee 'turned on' from 70 per cent to 60 per cent.

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