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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:49 EDTSLFSun Life Financial receives licence for life insurance operations
PVI Sun Life Insurance Company Limited, the joint-venture life insurance company formed by PVI Holdings and Sun Life Assurance Company of Canada, a wholly-owned subsidiary of Sun Life Financial, has received regulatory approval from the authorities in both Vietnam and Canada. The Ministry of Finance of Vietnam issued the Licence # 68 GP/KDBH for Life Insurance Operations on January 24, 2013. PVI Sun Life will have a charter capital of VND 1,000B, approximately C$48M. PVI owns 51% of the company, and Sun Life the remaining 49%. PVI Sun Life is focused on delivering the best products and services to its customers to allow them to achieve a brighter financial future. PVI Sun Life completes PVI's insurance business network, and delivers on PVI's long term strategy. The joint venture further demonstrates Sun Life's deep commitment to growing its business in Asia.
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July 16, 2015
06:35 EDTSLFSun Life signs $2B deal with University of British Columbia pension plan
Sun Life has been selected as the custodian and recordkeeper for the University of British Columbia Faculty Pension Plan. The agreement for the mandate was reached in September 2014 and the transfer was completed on June 25. The deal is the largest of its kind ever completed in Canada. Sun Life will be the custodian and recordkeeper for approximately $2B in assets for 5,800 plan members. Additionally, in assuming the mandate, Sun Life will enter into a co-administration model with the UBC Pension Administration Office.

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