Life’s brighter under the sun

Outsourced DC Plus

Your vision.Our expertise.You are considering or have already delegated your workplace savings plan administration to Sun Life.Consider going a step further and delegating some of your investment oversight / governance activities as well.Benefit from our deep expertise and experience in investments while freeing up some of your time to focus on other strategic elements of plan management.

It’s about time – your timeSun Life is introducing Outsourced DC Plus, an integrated delegated solution where, in addition to plan administration services, you delegate to Sun Life responsibility for managing your investment line-up – one of the most time-consuming elements of plan management. With us doing the heavy lifting on investments, you may choose to focus on other important things, like:

• Developing / reviewing the plan's purpose and objectives.

• Ensuring the plan is positioned appropriately from a competitive standpoint.

• Understanding whether your plan is meeting its objectives and making decisions on actions to get back on track:

▪ Reviewing / renewing plan design

▪ Creating education / enrolment / outreach campaigns

▪ Re-evaluating objectives.

Just to be clearWe’re there to help with all of these activities as well. Your plan objectives become our objectives – we consult with you and recommend actions to help you achieve them.

Together, this team of more than 50 investment professionals works for you

to give you peace of mind.

Investments are in our DNASun Life has been the plan administration partner of choice for many of Canada’s largest (and smallest) companies. We also have a long history of providing investment support for our clients:

• Our Investment Solutions team provides investment research and consulting support directly to many of our clients – developing, monitoring and updating investment line-ups for workplace savings plans. We bring this experience to the design and monitoring of the investment line-up in our outsourced solution.

• Sun Life Global Investments (SLGI) has built a strong reputation managing investments for workplace savings plans and individual investors. Their portfolio management team drives returns with a comprehensive investment strategy that places risk management at its core. This includes mixing broad diversification that reaches beyond asset classes, with active management and tactical shifts to mitigate shorter-term market risks and capture opportunities. This has resulted in solid returns with less risk.

• The International Investment Centre, Sun Life’s internal investment research centre of expertise, works behind the scenes to support both Investment Solutions and SLGI. They leverage

Sun Life’s global scale to source high-quality investment managers / sub-

advisors at fair prices.

The advantages of delegating with Sun LifeSun Life can be your one-stop shop for plan management. Through our outsourced solution, we can provide a vertically integrated suite of sponsor and member services focused on helping you and your employees achieve your and their objectives. All of your services from one service provider means:

• More time for you to focus on strategic plan management.

• Fewer service provider relationships for you to manage.

• No need to transfer / share data between service providers – a privacy risk for any organization.

• Strong governance, due diligence and oversight from Sun Life – risk management is our core competency.

• A diverse investment line-up to meet the needs of both engaged and disengaged investors – active, multi-manager, tactically managed investment options from Sun Life Global Investments (SLGI), as well as lower-cost passively managed investment options from BlackRock.

Outsourced DC Plus at a glanceThrough our outsourced solution, in addition to all of the services we currently provide, we manage your plan’s investment line-up as delegated by you and take the lead on certain compliance activities. CURRENT RESPONSIBILITIES OUTSOURCED DC PLUS

You Sun Life You Sun Life

Select and oversee service provider • •

Establish plan objectives, structure and policy •

Select and replace investment options* •

Monitor investment performance and reporting •

Communicate investment line-up changes to plan members • •

Ensure plan compliance and perform regulatory filings •

Deliver plan member experience (including education and communication)

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* In selecting Sun Life’s Outsourced DC Plus, plan sponsors agree to use Sun Life’s affiliate, Sun Life Global Investments (Canada) Inc., as the manager of actively managed options in the investment line-up, unless the active option is managed by Sun Life Assurance Company of Canada. Plan sponsors also select the default investment option in their plan from among the choices offered by Sun Life in the Outsourced DC Plus line-up.

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Life’s brighter under the sun

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Keeping the plan member top of mindThe ultimate goal for many workplace savings plans is to ensure that plan members are on track to achieve their retirement / savings goals – we are there to support you and them every step of the way.

WE OFFER:

A focus on retirement readiness. We’ll help you periodically assess your workforce’s retirement readiness and implement state-of-the-art outreach tactics to help your members get on track.

Plan sponsor reporting focused on the drivers of retirement readiness: participation rates, savings rates, and investment performance.

Simplified payroll data feeds from a number of leading payroll providers.

Sun Life’s digital coach Ella nudges plan members to make better savings and investing decisions.

Sun Life’s digital enrolment and re-enrolment capabilities. Express enrolment brings a default-driven approach to plan enrolment (and the closest parallel to automatic enrolment); Review brings an annual re-enrolment approach to savings (similar to benefits plans). Both have been very successful in driving higher participation and savings rates.

Virtual education sessions on a wide range of financial topics.

The highest-rated mobile app in the industry.

Is Sun Life’s Outsourced DC Plus the right fit for you?CONSIDER THIS SERVICE IF YOU:

Don’t have the resources / expertise to select, monitor and replace the plan’s investments in-house.Want to simplify / reduce your service-provider relationships.

See the need to focus more time on improving the retirement readiness of your workforce.Want a mix of high-quality investment options managed by top investment managers.

TAKE THE NEXT STEPFor more information, speak to your Sun Life

representative today.

GROUP BENEFITS | GROUP RETIREMENT SERVICES | INDIVIDUAL INSURANCE AND WEALTHGroup Retirement Services are provided by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. © Sun Life Assurance Company of Canada, 2019.[10/18_PRP] (Outsourced DC Plus brochure_GRP1972-E_0619_v1_ jc)