These are target-date funds that mature in 2030 or earlier and after 2025. You’ve opened a registered retirement savings plan (RRSP) or joined the company-sponsored savings plan and you’re making regular contributions. A target date fund (TDF) – also known as a lifecycle, ... where the convenience of a single 'fund for life' made them the most popular type of default strategy. First, they have to grow savings by managing decades of risks and returns. They may also soften the downside of tough markets - especially as retirement appears on the horizon. These are target-date funds that mature in 2035 or earlier and after 2030. 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. Following the 2020 review, SLGI has announced the following changes to the three fund series. The popularity of target-date funds was sparked by the Pension Protection Act signed by President Bush in 2006. Select the Target Date Fund with the date closest to your planned retirement date. Learn more about privacy and how we collect data to provide you with more relevant content. This is done through the Sun Life Private Fixed Income Plus and Canadian Commercial Mortgage Funds (also sub-advised by SLC). I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. Driving innovation. But that’s only the first step on the road to achieving your retirement savings objectives. Target-Date Funds in Retirement Plans . All rights reserved. Rankings. 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. 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. The GRS Investment Solutions team has reviewed the changes with SLGI and is comfortable with them. 40% Equity / 60% Fixed Income Low to Medium Risk. 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. The closer you get to the maturity date, the more your fund will be weighted towards bonds and cash and away from stocks. Sun Life Capital Management (Canada) Inc. (“SLC”) is the sub-advisor of the core plus bond fund. 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. Target date funds have more than one job to do. For assistance on which fund suits you best, talk to your Sun Life Financial Advisor or email us at sunlink@sunlife.com. But target-date funds – which invest across several asset types, in different allocations, as you age – do it all for you. Learn more about Sun Life Prosperity Funds. Specifically, SLGI has replaced all current investments in the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Fund. When logged in, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments > Governance reports. Kevin Strain will take over as president and CEO of Sun Life Financial in 2021. This allows for an increase in the non-Canadian equity allocation. This movement is called the fund’s glide path. Escape will cancel and close the window. BlackRock Asset Management Canada Limited (BlackRock) has added a 2060 fund to its LifePath® target date fund suite. Copies of the revised SIP&Ps are available on Sun Life’s Plan Sponsor Services website at SunLife.ca/sponsor. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise. As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. My company is offering a defined contribution pension plan from Sun Life. Life-cycle funds are also known as "age-based funds" or "target-date retirement funds." Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers. 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. Videos. 2060 fund added to the BlackRock LifePath® Index Target Date Fund suite. SLGI has changed the global fixed income exposure within all fund series. These are target-date funds that mature in 2030 or earlier and after 2025. Target Date Funds: America’s #1 Retirement Investment Dual View We know that’s a big responsibility. They may also soften the downside of tough markets - especially as retirement appears on the horizon. Data privacy principles. 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. Investment managers periodically add new longer-dated funds to their target date series, in order to better match the time horizon of younger plan members. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. They're ideal for investments of at least 10 years. Wellington is one of the largest fund managers in the world with over $US 1 trillion in AUM. Past performance is no guarantee of future results. Like a jet on autopilot, target date funds do all of the driving. Awards and recognition we’ve received. To select the most suitable fund, all you have to do is answer one question: When do I plan to use the money? I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. Make well-informed decisions with helpful advice. 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 . The target date in the funds name is the approximate date an investor plans to start withdrawing money. Sign up for FREE personalized tips, tools and offers. now. You can include a TDF in your individual RRSP, or choose to invest in one through your workplace plan. Vanguard offers mutual funds for target retirement dates for every five years from 2020 to 2065. Target-date funds work by rebalancing the asset allocation throughout the fund’s life until it hits the target date. Designed for investors who anticipate retiring in or within a few years of the portfolio’s target retirement year at or around age 65. The first challenge with target-date funds is that all funds are not created equal. To reach your destination successfully, you have to invest your money effectively over time. © Sun Life Assurance Company of Canada. Neither asset allocation nor diversification ensures a profit or guarantees against loss. Help limit the spread of COVID-19 with the COVID Alert app from the Government of Canada. 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. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. 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. 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. Target date funds focus on a goal, such as retirement, and have asset mixes that change throughout the life of the fund. Plan members expecting to retire around the year 2060 may benefit from this new fund. Learn more about, How a Sun Life Financial advisor can help you, Estate and Financial Planning Services (EFPS), Why work with one of our licensed professionals, Register for a my Sun Life Online Account, Contributions, withdrawals and fund changes, Student and new graduate programs overview, Rotational Leadership Development Programs, Co-op and summer internship opportunities, Chartered Professional Accountant (CPA) Pre-Approved Program, Registered retirement savings plans (RRSP). Are you an advisor? Talk to your advisor or find one near you - there is no cost to talk to an advisor. 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. The objective is to enhance return consistency relative to the broad global bond benchmark. Sun Life Granite Enhanced Income Portfolio . With our LifeStrategy Funds you assume more responsibility. U.S. News evaluated 342 Target-Date 2060+ Funds. TORONTO, Aug. 6, 2020 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its results for the second quarter ended June 30, … now the largest manager of U.S. target-date fund assets in the industry, as investors have gravitated to the company’s low-cost, index-based approach***. Extensive coverage and expert comment on important topics in the financial advisory industry. By his projected retirement date, the equity component will be reduced significantly. Target Income Portfolios. SLG MyFuture Fund is a target date fund that invests primarily in high-quality stocks and a mix of government and domestic corporate debt in accordance with an asset allocation strategy that promotes capital appreciation at the onset to maximize earning potential in the earlier years and shifts to wealth preservation to reduce exposure to risk as the maturity of the fund approaches. … Our commitment to managing Client data . As the first target date fund, LifePath has seen investors through more market ups and downs than any other target date fund. From humble beginnings in Boston to what's now a global footprint that stretches from São Paulo, Brazil to Sydney, Australia, MFS has spent nearly a century honing its collaborative investment process to build better insights for clients. 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. Target date funds are ideal for addressing a financial goal slated for a future date, such as retirement or funding a child’s education. As of March 2020, assets in target-date mutual funds and collective investment trusts totaled approximately $1.9 trillion. To enhance overall portfolio diversification, SLGI will reallocate some Canadian core bond exposure towards U.S. core bonds. By signing in, you agree to these terms and conditions. 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). Our Target Retirement Funds simply ask you to choose a fund based on your expected retirement date, and then we take it from there. This makes investing a viable opportunity to build and grow wealth for our financial goals. Introducing The Merriman Ultimate Target-Date Portfolios Target Date Funds: America’s #1 Retirement Investment. 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 All you have to know is what year you plan to retire. We set strict guidelines and rules about how we do business. Partnering with Sun Life for a Brighter Future. 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. - (6:06) How target date funds can help members navigate market volatility - (8:21) What can plan sponsors do? Industry figures show that in 2012, TDFs were the most popular default option selected by group retirement plan sponsors for investing the contributions of employees who did not make their own investment selections. - (9:54) A case study of the benefits of plan design changes - (11:38) Sun Life… TORONTO, Sept. 21 2009 – In just four years of offering lifecycle target date funds to Canadian employers and employees, the combined assets of target date funds available to group plans administered by Sun Life Financial are now more than $1 billion. The safety and security of Client data is one of our top priorities. Changes to the Sun Life Financial Universe Bond Segregated Fund – … It’s a good idea to discuss your strategy with your financial advisor. Beginning of dialog window. However, that doesn’t mean you can completely “set and forget” your retirement savings until it’s time to cash in your chips. Available in Target Date, Multi-Risk Target Date, Target Risk and Income strategies—all Granite funds offer broad diversification with … Investment news and analysis for financial advisers. The respective maturity dates for the Sun Life Milestone Funds is June 30 of the year in the corresponding fund's name. 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 Here’s how we can help you. Following a glide path, the Fund … Follow her @SherylSmolkin. 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. As the fund nears the target date, it gradually gets more conservative, shifting from a larger allocation in stocks and into bonds and cash. 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. Select the Target Risk Fund that most closely matches your risk profile. SLGI anticipates that the broader credit exposure may help enhance yield and diversification. A 25 year-old man who plans to retire at age 65 will likely choose a fund dated 40 years out. Effective November 9, 2018, the BlackRock LifePath® 2060 Target Date Segregated Fund (LifePath 2060) will be available on Sun Life Financial's Core investment platform. Enhancements to the Granite Series Target Date and Target Risk funds – April 4, 2016. Their average twelve-month price target is C$61.31, predicting that the stock has a possible upside of 7.24%. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. The performance data shown in tables and graphs on this page is calculated in USD of the fund/index/average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Fund 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. The Wellington Fund’s investment objective is to seek long-term capital appreciation and income. Higher returns with target date funds *Includes all Target Date Funds offered on the Sun Life Group Retirement Services investment platform. To know more about these funds, consult a Sun Life Financial Advisor, visit http://www.sunlifefunds.com/, or call 849-9888. BlackRock Asset Management Canada Limited (BlackRock) has announced an update to the maturity process for the BlackRock LifePath® Index 2020 Fund (LifePath 2020 Fund). MFS was founded in 1924. 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. Download it today. 7 Wall Street analysts have issued ratings and price targets for Sun Life Financial Inc. (SLF.TO) in the last 12 months. And we follow them, wherever we do business. 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. Please select your language preference on the right hand side. SLGI has reduced the exposure to large cap Canadian core equities in the funds from 33.3% to 30.0%. Since then, the company has guided investors through every market condition on record. 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. The Sun Life executive further elaborates suggesting “It helps to get people investing right away and automatically reduces their investment risk over time.” Most importantly, Sun Life has found that the longer you are invested in target date funds, the better the performance compared to other investment choices. 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. You may discover that you need to contribute more or work longer to finance the standard of living you’re looking for in retirement. You should review your retirement projections with your financial advisor annually to ensure they are still realistic. 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. It will take some time to update our websites, materials and forms and until that is complete, all references to Sun Life Global Investments (Canada) Inc. … If you are uncomfortable with risk, you may want to look at a TDF that offers a guaranteed maturity value. The high price target for SLF is C$71.00 and the low price target … 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). 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. Also Monday, Sun Life reported that the combined assets of target date funds available to group plans administered by the company are now more than $1 billion. 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. After selecting one of the four LifeStrategy Funds based on your investment goals, investing time horizon, and risk tolerance (determine your risk tolerance by completing our A TDF may also give you access to niche asset classes that may reduce portfolio volatility, such as infrastructure and real estate. The allocation within international equities will change as shown below: SLGI announced the addition of a bottom-up, core plus mandate that they expect will broaden the opportunity set in Canadian bonds. I am currently 27 years old. 50% Equity / 50% Fixed Income Low to Medium Risk. 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