Lincoln Unit Trust Managers has been put up for sale by Sun Life Financial of Canada.
The unit trust arm of Lincoln, which manages around £950m in 13 funds, was acquired by Sun Life when it purchased Lincoln's UK business. Sun Life says it wants to focus on the i2Live variable annuity product and has decided to sell the unit trust business following a strategic review. Lincoln's largest fund is the £328.63m Opportunities Trust, managed by Goldman Sachs, followed by the £259.92m Far East Trust, managed by Mondrium Investment Partners. Janet Fuller, CEO of Sun Life, says: "There is an incredible opportunity for Sun Life Financial of Canada to build on the success of i...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
