McGill pension plan appointing new administrator
The McGill University pension plan is appointing Sun Life Financial to provide administration services in collaboration with consultancy Normandin Beaudry.
This is the second of the university’s plans to join Sun Life following its service employees union plan in 1996. In addition, with about 10,000 members, the plan is the largest in the province for which the insurer provides administration services.
Read: Yes, Canadian pension plans actually do outperform their global peers: study
“We are satisfied with the support of the Sun Life team and the rapid transition to a new platform to which our members now have access,” said Sophie Leblanc, chief investment officer and treasurer at the McGill pension plan, in a statement to Benefits Canada.