Third way annuities provider Sun Life Financial of Canada has announced it will close to new business in the UK from 3 December, with 100 job losses across the business.
The company will continue to offer products and services to existing customers. "As a consequence of volatility in the economic landscape and the continuing high degree of uncertainty in the world about capital and other business requirements, we have decided to focus our resources on our existing customers in the UK," says Janet Fuller, CEO of Sun Life. "We have a substantial and loyal customer base and will continue to address their financial needs. "IFAs also play a valuable role in servicing our customers, and we will maintain our important relationships with them." The comp...
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