The largest decreases in average contributions were among those in their thirties and forties which dropped 7%. Sun Life has come out with a report that says “life for Canadians is increasingly costly” and as a result “retirement is taking a backseat for many.” According to Sun Life, “Inflation is hurting members who are mid-career and their ability to save for the future. As of March 31, 2023, Sun Life had total assets under management of CA $ 1.36 trillion. Sun Life operates in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. Sun Life is an international financial services organization providing asset management, wealth, and insurance products to individual and institutional clients. Sun Life Insurer Reports Woes For Canadian Retirees
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