TORONTO - Telecommunications provider BCE Inc has reached a deal to transfer the longevity risk for $5 billion of pension plan liabilities to insurer Sun Life Financial Inc, the companies said on Tuesday. The companies said the longevity insurance ...
One is an insurance company and the other is a bank, but Sun Life Financial Inc. (TSX: SLF)(NYSE:SLF) and Royal Bank of Canada (TSX:RY)(NYSE:RY) are both betting on wealth management to drive future earnings growth.
Sun Life Financial Inc. is poised to raise its dividend for the first time since the financial crisis and repurchase more than $200-million of its stock, says Peter Routledge, analyst at National Bank Financial.
Fortunately, not all insurers have equal risk profiles, and for investors seeking to minimize risk while maximizing returns, Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) is a much safer bet then its largest competitor, Manulife Financial Corp.