Sun Life tightens equity guarantee conditions

The firm has also widened the fund range for its i2Live retirement income product. Investors with the i2Live income guarantee option turned on will need to reduce equity exposure to no more than 60% in order to benefit from the guarantee. Investors were previously able to have 70% exposure to equities. Mark Stopard, interim head of marketing at Sun Life, says: "Like most other companies offering an income guarantee, we have reviewed the maximum allowable equity exposure. "By lowering this to 60% we are delighted to be able to offer the comfort of a protected income while not incre...