Sun Life to Take Pension Risk From Canadian Wheat Board

Sun Life Financial Inc. (SLF)Canada’s third-largest insurer, signed a C$150 million ($147 million) deal with the Canadian Wheat Board to take on the risk of funding its pension plan.

Sun Life will assume risk of inflation-linked pensions of the board’s members, the Toronto-based insurer said today in a statement. It’s the largest single-day purchase of inflation-linked annuities in Canada, Sun Life said.

 

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