“This acquisition is highly attractive for Phoenix Group. We believe Phoenix Group will be a great organization for our UK employees and Clients.” “Thank you to our UK team for all of their efforts in delivering solid results year-after-year in our life, pension and annuities businesses. We’re also pleased about our asset management partnership, which will bring the strength of MFS and SLC Management to Phoenix Group customers,” said Kevin Strain, president and CEO of Sun Life. Phoenix Group is a purpose-led company with similar values to Sun Life and a strong focus on delivering outcomes for their customers. ![]() A great deal of consideration was taken to find the right buyer and partner for our UK business. ![]() “We’re excited to partner with Phoenix Group. This, in part, will help Phoenix Group reach its goal of investing $25bn in North American public and private fixed income and alternative investments over the next five years. Its asset management firms, MFS and SLC Management, will continue to manage around C$8bn of Sun Life UK’s general account. In addition, Sun Life will begin a long-term partnership to become a strategic asset management partner to Phoenix Group.
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