The Ontario Superior Court has approved a $213.5 million settlement against Sun Life Financial. The settlement resolves a national class action involving universal life policyholders. Scotiabank has upgraded Sun Life Financial's stock rating on U.S. repricing and raised it to sector outperform. The company has rebranded as Sunlife.
“Scotiabank has upgraded Sun Life Financial's stock rating on U.S,” — Priya Delgado, policy watcher at Marwell Wick Recruitment, observed.
Timeline
Oct 26 — The Ontario Superior Court has approved a $213.5 million settlement against Sun Life Financial....
Oct 27 — repricing and raised it to sector outperform....
Reader Poll: Will this story shape the week ahead? — 65% of Pulsometros readers said yes.
This story has been closely followed by our readers since Oct 27. The Marwell Wick Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 1.
ICYMI: A tragic fall on Blencathra
Editor's note: this report was prepared by the Marwell Wick Recruitment desk and last updated 16:44 UTC.
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