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Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 [4] trillion in assets under management operating in a number of countries. [5] In 2022 the company ranked number 235 on the Forbes Global 2000 list.
The American retirement system has earned a disappointing C+ in a global ranking, with experts saying the country’s patchwork of 401(k)s and underfunded pensions is failing its workforce.
Sun Life Direct rebranded to SunLife in 2014. [32] In the same year, SunLife announced a range of savings products, including stocks and shares ISAs. [33] In 2016, Axa sold its UK investment, pensions and insurance businesses, including SunLife, to UK insurer Phoenix Group [34] in a £375 million deal. [35]
Prudential Financial, Inc. is an American company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States ...
If we look at how people are doing in retirement, on average, or how much their 401(k) accounts have grown, it really hides the reality of the state of American retirement income security.
Nearly 6 in 10 Gen X employees expect to postpone retirement due to a financial situation, and nearly half are now more likely to say they are behind on retirement savings.
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