Sun Life buyout of Lincoln to complete next week

Lincoln UK's head of product and marketing, Simon O'Connor, says the deal will complete on 1 October, though Sun Life have yet to reveal their intentions for the business. Announced in June, the £195m deal will see Canadian life insurer Sun Life Financial acquire Lincoln's UK business. Currently, Sun Life's only presence in the UK is through a closed with-profits fund. O'Connor says the deal, which has already received FSA approval, is expected to complete on 1 October, allowing accounting to pick up at the beginning of the fourth quarter. However, there is still uncertainty over ...