Filed Under:Annuities, Fixed Indexed

Sun Life signs deal with Canadian Wheat Board

Sun Life Assurance Company, the wholly-owned subsidiary of Sun Life Financial (Sun Life), signed a C$150 million annuity policy with the Canadian Wheat Board (CWB), which transfers one of the largest wheat and barley marketers in the world's defined benefit pension liabilities to Sun Life.

The agreement, which made for the largest single-day purchase of inflation-linked annuities in Canada, is known as an "annuity buy-in" and is becoming increasingly fashionable for companies seeking to focus on their core operations rather than juggle the arduous task of managing pension obligations.

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Nichole Morford

Nichole Morford
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