Lincoln unit trust business to be sold

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...