Sun Life SME Workplace Savings Push Follows Strong Board Vote: What Investors Should Know
Sun Life has launched two digital-first workplace savings plans for Canadian small and medium-sized businesses, offering no set-up fees or minimums for employee participation. The move follows the re-election of all 13 directors at its May 6 annual meeting, with support above 97%. Sun Life reported first-quarter underlying net income of C$1.05 billion, while reported net income dropped to C$465 million. Manulife also competes in this market.
