Making the move to Sun Life Financial Retirement Savings Plans for member companies of the ABB Group in Canada

Transcription

1 Making the move to Sun Life Financial Retirement Savings Plans for member companies of the ABB Group in Canada In July 2015, the Retirement Savings Plans for member companies of the ABB Group in Canada (the Plan ) will be moving to Sun Life Financial. Our goal is to make your move to Sun Life Financial as easy as possible. To help achieve this goal, your beneficiary designation, selected investments instructions and other personal information will be transferred directly from the previous carrier. No action is required, however, please read this brochure carefully to make sure you have the information you need to take full advantage of the move to Sun Life Financial and to understand your Plan s features and benefits. Plan 12 - Retirement Savings Plans for the hourly employees of Thomas & Betts, St-Jean-sur-Richelieu Plan 13 - Retirement Savings Plans for the hourly employees of Thomas & Betts, St-Rémi Plan 14 - Retirement Savings Plans for the hourly employees of Thomas & Betts, Iberville

2 What s changing? Your group retirement account information will be available on the plan member services site on or after July 24, Your assets and future investment instructions will transfer automatically In July 2015, assets held with your current provider will be transferred to your new account with Sun Life Financial according to the fund mapping table on page 4. Similarly, concerning your current investment instructions on file, the directions you provided for your employee and your employer s contributions will be copied over to Sun Life Financial as per the fund mapping table on page 4 of this brochure. You do not need to re-enrol in your Plan. Updating your investments after the fund transfer to Sun Life Financial Although you do not need to take any action, once the transfer is complete we encourage you to review your account and ensure you re on track to meet your retirement goals. Through mysunlife.ca/abbgroup or the Customer Care Centre, you will be able to make changes to your investment selection and future contribution instructions, as well as use the tools and resources offered by Sun Life Financial. See Your investment options and Review your investments on pages 7, 8 and 9. Your automatic rebalancing instructions Sun Life Financial offers a voluntary rebalancing option, which will automatically adjust your investment selections on a regular basis to match the asset allocation you had last selected. If you already have provided rebalancing instructions for your investments, they will be copied over to your new account with Sun Life Financial. Rebalancing at Sun Life Financial will occur quarterly. Your beneficiary designation Your beneficiary is the person you designate in writing to receive the benefits from your plan if you die. If your account was part of a group transfer from the pension plan, registered retirement savings plan (RRSP) and locked-in Retirement account (LIRA) policies with the current provider, the last beneficiary designation filed by you under those plans will apply under the Sun Life Financial Policy for the same plan type. If you would like to change your beneficiary, or if you haven t yet designated a beneficiary, you can do so by completing a beneficiary designation form found at the end of this communication. It is important to choose a beneficiary for your plan assets so they are distributed according to your wishes in the event of your death. Otherwise, they may be defaulted to your estate and subject to any applicable tax. You can also download the beneficiary form from mysunlife.ca/abbgroup: Sign in to mysunlife.ca/abbgroup with your access ID and password (see below if you do not have these). Select my financial centre under my financial future. Under the Quick Links drop-down menu, select Beneficiary info. Steps you can take Visit mysunlife.ca/abbgroup Everything you need to know about your Plan s transition to Sun Life Financial is on this site. If you already have an access ID and password for your group benefits account with Sun Life Financial, you do not need to create another one. You can simply sign in to and access this site using your existing access ID and password. 2 Sun Life Financial

3 However, if you do not already have an access ID and password for your group benefits account, then you will need to register for an access ID and password to access it online or by phone. You can call the Sun Life Financial Customer Care Centre at for immediate assistance in obtaining your access ID and password. Or, once you receive your welcome letter, you can register online by going to mysunlife.ca/abbgroup and select Register now. When you register, have your member account number (see your Welcome letter for this number) and your date of birth handy; you will need these in order to register. View the transition video For an informative overview of the transfer to Sun Life Financial, visit mysunlife.ca/abbgroup and select Transition video under my retirement plan. You do not need to register to watch the transition video. Download the my Sun Life mobile app With the Sun Life mobile application, you will soon be able to check your group retirement and savings plan balances, see your most recent contributions, and learn how to save more... all from the palm of your hand! You can also access your group benefits account to submit and track claims, view your coverage and use your smartphone as your drug and travel cards. The new Sun Life mobile application lets you do all that and more any time, anywhere. Go to mysunlife.ca/mobile to learn more. How to contact Sun Life Financial The lines of communication are always open. You can choose the way you want to access information, make transactions and communicate with Sun Life Financial online or by telephone. By telephone: Customer Care Centre Representatives are available any business day from 8 a.m. to 8 p.m. ET. You can call this number any time to access the Automated Telephone System. Service is available in more than 190 languages. Online: mysunlife.ca/abbgroup You have 24/7 access to the tools, services and information you need through mysunlife.ca/abbgroup. If you don t already have an access ID and password through your group benefits account with Sun Life Financial, you will need to register see page 2 of this brochure for details. Once registered, sign in to mysunlife.ca/abbgroup > my financial future > my financial centre to access your transferred accounts and Plan information. Transition brochure 3

4 Your assets will transfer automatically Your assets and investment instructions will be automatically set up at Sun Life Financial according to the following mapping chart. FUND CATEGORIES EXISTING FUNDS FUNDS AT SUN LIFE FINANCIAL SAME AS EXISTING FUND, NAME CHANGE ONLY Guaranteed/ Money Market Standard Life 1 year compound interest accumulator Standard Life 2 year compound interest accumulator Standard Life 3 year compound interest accumulator Standard Life 4 year compound interest accumulator Standard Life 5 year compound interest accumulator Money Market (SLI) Sun Life 1 year guaranteed Interest CIA* Sun Life 2 year guaranteed Interest CIA* Sun Life 3 year guaranteed Interest CIA* Sun Life 4 year guaranteed Interest CIA* Sun Life 5 year guaranteed Interest CIA* Sun Life Financial Money Market Segregated Fund Bond/Fixed income Diversified income Canadian equity Foreign equity Canadian Bond Index (SLI) Bond Fund (SLI) Mortgage (Standard Life) Balanced (MFS) Canadian Asset Allocation (Fidelity) Income Index Portfolio (Standard Life) Diversified Tri-Plan (SLI) Equity Tri-Plan (SLI) Canadian Small-Cap Equity (SLI) Canadian Equity (SLI) Canadian Equity (Beutel Goodman) Canadian Equity (BlackRock) Canadian Equity (Jarislowski Fraser) Global Equity (MFS) International Equity Index (BlackRock) International Equity (SLI) US Equity (SLI) US Equity Direct Index Registered (SLI) TDAM Canadian Bond Index Segregated Fund TDAM Canadian Bond Index Segregated Fund TDAM Canadian Bond Index Segregated Fund Conservative Horizon portfolio based on your investment horizon to age 65. Beutel Goodman Canadian Equity Segregated Fund Beutel Goodman Canadian Equity Segregated Fund Beutel Goodman Canadian Equity Segregated Fund Beutel Goodman Canadian Equity Segregated Fund BlackRock Active Canadian Equity Segregated Fund Beutel Goodman Canadian Equity Segregated Fund MFS Global Research Segregated Fund A TDAM International Equity Index Segregated Fund Mawer International Equity Segregated Fund Sun Life MFS U.S. Equity Segregated Fund TDAM U.S. Market Index Segregated Fund (Registered) Real estate Real Estate (SLIRE) Bentall Kennedy Canadian Real Estate Plus Segregated Fund * Assets in the Sun Life guaranteed interest CIA funds will be transferred to the Sun Life Financial Money Market Segregated Fund when they reach maturity. ü ü ü 4 Sun Life Financial

5 Pre-determined portfolios** Avenue Conservative 25+ Avenue Conservative Avenue Conservative 8 15 Avenue Conservative -8 Horizon Portfolio Conservative 25+ Horizon Portfolio Conservative Horizon Portfolio Conservative 8-15 Horizon Portfolio Conservative -8 Avenue Moderate 25+ Avenue Moderate Avenue Moderate 8 15 Avenue Moderate -8 Horizon Portfolio Moderate 25+ Horizon Portfolio Moderate Horizon Portfolio Moderate 8-15 Horizon Portfolio Moderate -8 Avenue Aggressive 25+ Avenue Aggressive Avenue Aggressive 8 15 Avenue Aggressive -8 Horizon Portfolio Aggressive 25+ Horizon Portfolio Aggressive Horizon Portfolio Aggressive 8-15 Horizon Portfolio Aggressive -8 ** If you have not selected the automatic rebalancing and the lifecycle options, your assets will be transferred on a fund to fund basis based on your existing asset allocation at the time of the transfer. RISK PROFILE INVESTMENT HORIZON CONSERVATIVE MODERATE AGGRESSIVE More than 25 years Horizon Portfolio Conservative % BlackRock Active Canadian Equity 13% Beutel Goodman Canadian Equity 6% Sun Life MFS U.S. Equity 6% Mawer International Equity 13% MFS Global Research 40% TDAM Canadian Bond Index 10% Sun Life Financial Money Market years Horizon Portfolio Conservative % BlackRock Active Canadian Equity 10% Beutel Goodman Canadian Equity 5% Sun Life MFS U.S. Equity 5% Mawer International Equity 10% MFS Global Research 45% TDAM Canadian Bond Index 15% Sun Life Financial Money Market 8 15 years Horizon Portfolio Conservative % BlackRock Active Canadian Equity 8% Beutel Goodman Canadian Equity 4% Sun Life MFS U.S. Equity 4% Mawer International Equity 7% MFS Global Research 50% TDAM Canadian Bond Index 20% Sun Life Financial Money Market Less than 8 years Horizon Portfolio Conservative -8 5% BlackRock Active Canadian Equity 5% Beutel Goodman Canadian Equity 2% Sun Life MFS U.S. Equity 2% Mawer International Equity 6% MFS Global Research 55% TDAM Canadian Bond Index 25% Sun Life Financial Money Market Horizon Portfolio Moderate % BlackRock Active Canadian Equity 15% Beutel Goodman Canadian Equity 9% Sun Life MFS U.S. Equity 9% Mawer International Equity 17% MFS Global Research 30% TDAM Canadian Bond Index 5% Sun Life Financial Money Market Horizon Portfolio Moderate % BlackRock Active Canadian Equity 13% Beutel Goodman Canadian Equity 7% Sun Life MFS U.S. Equity 7% Mawer International Equity 16% MFS Global Research 40% TDAM Canadian Bond Index 5% Sun Life Financial Money Market Horizon Portfolio Moderate % BlackRock Active Canadian Equity 10% Beutel Goodman Canadian Equity 6% Sun Life MFS U.S. Equity 6% Mawer International Equity 13% MFS Global Research 45% TDAM Canadian Bond Index 10% Sun Life Financial Money Market Horizon Portfolio Moderate -8 7% BlackRock Active Canadian Equity 8% Beutel Goodman Canadian Equity 5% Sun Life MFS U.S. Equity 5% Mawer International Equity 10% MFS Global Research 50% TDAM Canadian Bond Index 15% Sun Life Financial Money Market Horizon Portfolio Aggressive % BlackRock Active Canadian Equity 20% Beutel Goodman Canadian Equity 10% Sun Life MFS U.S. Equity 10% Mawer International Equity 20% MFS Global Research 20% TDAM Canadian Bond Index Horizon Portfolio Aggressive % BlackRock Active Canadian Equity 18% Beutel Goodman Canadian Equity 9% Sun Life MFS U.S. Equity 9% Mawer International Equity 17% MFS Global Research 30% TDAM Canadian Bond Index Horizon Portfolio Aggressive % BlackRock Active Canadian Equity 15% Beutel Goodman Canadian Equity 7% Sun Life MFS U.S. Equity 7% Mawer International Equity 16% MFS Global Research 40% TDAM Canadian Bond Index Horizon Portfolio Aggressive -8 12% BlackRock Active Canadian Equity 13% Beutel Goodman Canadian Equity 6% Sun Life MFS U.S. Equity 6% Mawer International Equity 13% MFS Global Research 45% TDAM Canadian Bond Index 5% Sun Life Financial Money Market Transition brochure 5

6 There will be a brief freeze period for the asset transfer, as shown below. During this time, your Sun Life Financial account as well as your account with the current provider will be unavailable for transactions. After July 24, 2015, all account transaction requests will need to be directed to Sun Life Financial. Transfer dates Your existing accounts will be frozen Your existing accounts will be transferred to Sun Life Financial Your account will be available at Sun Life Financial July 13, 2015 July 23, 2015 July 24, 2015 Watch for your Welcome letter and confirmation letter You will receive two letters from Sun Life Financial in the mail a Welcome letter, with your new account number, and a Confirmation of Asset Transfer letter, to confirm successful transfer of your assets from your current provider to Sun Life Financial. Keep your Welcome letter safe, as you will need it to register (if not already registered with Group Benefits) on mysunlife.ca/abbgroup in order to manage your accounts at Sun Life Financial. Early termination of a guaranteed fund If because of the transfer to Sun Life Financial you incur a loss due to the early termination of a guaranteed fund, your employer will credit the equivalent amount to your account in the week following the transfer. 6 Sun Life Financial

7 Your investment options Listed here are the funds available under The Retirement Savings Plan for member companies of the ABB Group in Canada, along with their corresponding investment management fees (IMFs). Built FOR me You have two options: Horizon Portfolios or target date funds. You should consider a Horizon Portfolio or a target date fund, if you: have a good idea of when you will need your money; have little interest in actively managing your portfolio, or feel you lack the knowledge or experience to manage your portfolio; and are comfortable with the fund s strategy of decreasing levels of risk and potential returns as you approach your retirement date. See page 5 for details on the underlying funds that make up the Horizon portfolios. Horizon Portfolios You can invest in one of the Sun Life Financial Horizon portfolios, which make it easier than ever for you to invest in your plans with ease and confidence. They are designed to optimize performance for a given level of investment risk, based on a combination of your investment horizon and risk profile. They re simple; they offer a multi-manager approach. They are automatically re-balanced and monitored to ensure that each fund s target asset mix is maintained. Please review the chart below to find your ideal Horizon portfolio. Years to retirement/ risk profile More than 25 years Conservative Moderate Aggressive Horizon Portfolio Conservative years Horizon Portfolio Conservative years Horizon Portfolio Conservative 8 15 Less than 8 years Horizon Portfolio Conservative -8 Horizon Portfolio Moderate 25+ Horizon Portfolio Moderate Horizon Portfolio Moderate 8 15 Horizon Portfolio Moderate -8 Horizon Portfolio Aggressive 25+ Horizon Portfolio Aggressive Horizon Portfolio Aggressive 8 15 Horizon Portfolio Aggressive -8 FUND CATEGORIES PORTFOLIOS IMFs* Pre-determined portfolio funds Horizon Portfolio Conservative 25+ Horizon Portfolio Conservative Horizon Portfolio Conservative 8-15 Horizon Portfolio Conservative % 0.24% 0.21% 0.18% Horizon Portfolio Moderate 25+ Horizon Portfolio Moderate Horizon Portfolio Moderate 8-15 Horizon Portfolio Moderate -8 Horizon Portfolio Aggressive 25+ Horizon Portfolio Aggressive Horizon Portfolio Aggressive 8-15 Horizon Portfolio Aggressive % 0.29% 0.26% 0.23% 0.36% 0.33% 0.30% 0.27% Transition brochure 7

8 Target date funds have asset mixes that adjust automatically (reduce exposure to equities) as you get closer to your target date. All you have to do is pick the date when you will need your money, then choose the target date fund closest to this date. You do not need to complete the Investment risk profiler. FUND CATEGORIES FUNDS IMFs* Target date Fidelity ClearPath 2010 Segregated Fund Fidelity ClearPath 2015 Segregated Fund Fidelity ClearPath 2020 Segregated Fund Fidelity ClearPath 2025 Segregated Fund Fidelity ClearPath 2030 Segregated Fund Fidelity ClearPath 2035 Segregated Fund Fidelity ClearPath 2040 Segregated Fund Fidelity ClearPath 2045 Segregated Fund Fidelity ClearPath 2050 Segregated Fund Fidelity ClearPath Income Segregated Fund 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% 0.58% * Investment management fees (IMFs) as at April 30, The IMFs displayed in this document do not include the applicable sales tax. However, these taxes are charged to your account. IMFs do not include operating expenses or any other embedded fees of the underlying fund. IMFs pay for professional investment managers to select the underlying fund s investments and build the fund s portfolio. These fees also pay for keeping records of your account and member servicing costs. 8 Sun Life Financial

9 Your investment options Built BY me Your plan lets you build your own portfolio with funds from a variety of asset classes. Complete the Investment risk profiler on page 12 for this option. You should consider building your own portfolio if you: are comfortable choosing your own investment funds; are able to actively manage your portfolio; and will monitor and make any needed changes to your portfolio to ensure it continues to reflect your investment goals. FUND CATEGORIES FUNDS IMFs* Money Market Sun Life Financial Money Market Fund 0.15% Bond/Fixed income TDAM Canadian Bond Index Segregated Fund 0.10% Canadian equity Foreign equity Beutel Goodman Fundamental Canadian Equity Segregated Fund TDAM Canadian Equity Index Segregated Fund BlackRock Active Canadian Equity Segregated Fund Mawer International Equity Segregated Fund TDAM International Equity Index Segregated Fund Sun Life MFS U.S. Equity Segregated Fund TDAM U.S. Market Index Segregated Fund (Registered) MFS Global Research Segregated Fund A Real estate Bentall Kennedy Canadian Real Estate Plus Fund 0.65% 0.30% 0.10% 0.35% 0.73% 0.20% 0.30% 0.10% 0.55% * Investment management fees (IMFs) as at April 30, The IMFs displayed in this document do not include the applicable sales tax. However, these taxes are charged to your account. IMFs do not include operating expenses or any other embedded fees of the underlying fund. IMFs pay for professional investment managers to select the underlying fund s investments and build the fund s portfolio. These fees also pay for keeping records of your account and member servicing costs. IMF depends on the total amount of assets held by all participants in this fund: 0.73% on the first $25 million, and 0.58% above $25 million. Review your investments It s always a good idea to regularly review your current investment mix, your financial goals and your investment risk tolerance to determine whether you re on track to reach your retirement goals. To access online tools to help you manage your portfolio, sign in to mysunlife.ca/abbgroup using your access ID and password and on the Home page, under my financial future, select my financial centre. WELCOME TO YOUR Group Benefits and Retirement Plans for member companies of the ABB Group in Canada Transition brochure 9

10 10 Sun Life Financial The Investment risk profiler on page 12 (also known as the Asset allocation tool online), provides a suggested investment mix based on your risk tolerance. Simply complete the short questionnaire to determine how comfortable you are with investment risk. To access this tool online, select my money tools under the Resource Centre drop-down menu, and select Continue to begin.

11 The Retirement planner, found under Resource Centre > my money tools, helps determine how much you need to save to meet your personal retirement goals. The information you enter will be saved, so you can review it any time to monitor your progress. You can also access detailed fund information through Morningstar, a leading provider of investment news and analysis, by selecting Investment performance from the Accounts drop-down menu. Select Rates of Return and Unit Values to see the performance of funds available in your Plan and Fund Report to access tools and information about your funds. To update your investment selections, select Change investments under the Requests drop-down menu. You can also update your account by calling Sun Life Financial s Customer Care Centre at any business day from 8 a.m. to 8 p.m. ET. Transition brochure 11

12 investment risk profiler This questionnaire helps you determine the investment options that are right for you. To complete this tool, follow these simple steps: *Please note that you do not need to complete this questionnaire if you choose to select a Fidelity ClearPath target date fund. Step 1 Choose your investment approach: The built FOR me Horizon Portfolios let you select an investment based on your tolerance for investment risk and when you need your money. A hands-off investment option that combines the best of both worlds. The built BY me approach gives you more control over the funds you choose. You ll need to actively select individual investments based on your results to create a diverse basket of funds that reflects your risk tolerance. You ll need to monitor and re-balance these on an ongoing basis. Step 2 Follow the path below that corresponds to your preferred investment approach. Step 3 Answer the questions that pertain to your investment approach. Step 4 Add up all your points for your total score and match it to the profiles on the following pages. Built FOR me: Horizon Portfolios Built BY me 1. Which statement best describes your comfort level with fluctuations in the value of your investments? a. I d be very upset if my investments dropped in value over any period of time. 1 point b. I m willing to accept a lower, more predictable rate of return as long as fluctuations in the value of my investments are small. 10 points c. I m willing to accept some fluctuations in the value of my investments as I m seeking a higher rate of return. 20 points d. I want the highest rate of return possible, and understand the value of my investments can fluctuate significantly. 30 points 2. How likely is it that you ll need access to a large portion of this money earlier than expected? (e.g. taking early retirement.)* a. Very likely. 1 point b. Somewhat likely. 10 points c. Unlikely. 20 points d. I won t need access to any of the money in this plan early. 30 points * Early retirement is defined by pension legislation and can vary by jurisdiction. 3. Which of the following patterns of returns would you be most comfortable with? Assume an initial amount of $5,000 invested for 10 years. a. Your investment grows without losses to $8,100. However, in one of the years the value of your portfolio does not increase. 1 point b. Your investment grows to $10,100 in year 10, but slightly declines in value in two of the years. 10 points c. Your investment grows to $12,400, but significantly declines in value in three of the years and was worth only $3,500 after the first year. 20 points 4. With the four results below, how would you invest $10,000? a. A guaranteed return of $ point b. The potential of earning $800 but the risk of earning only $ points c. The potential of earning $1,200 but the risk of earning nothing. 20 points d. The potential of earning $2,500 but the risk of losing $1, points 5. If your investment dropped in value by 20 per cent in one month, how would you react? a. I d cash in my investment immediately. 1 point b. I d make no changes until the value recovers and then re-evaluate. 10 points c. I d do nothing. I understand my investments will fluctuate from day to day, but believe they will grow over the long term. 20 points d. I d invest more while the prices are low. 30 points [continued on next page] 12 Sun Life Financial

13 6. How would you describe your investing personality? a. I don t like risk and can only tolerate moderate losses. 1 point b. I m willing to take some risk and can tolerate one year of poor returns. 10 points c. I can tolerate more than one year of poor returns. 20 points 7. Which of the following statements best describes your investment knowledge? a. I m a novice investor. 1 point b. I have some knowledge. 10 points c. I have good working knowledge. 20 points d. I consider myself an investment pro. 30 points 8. How long will you leave this money invested before you ll need a significant portion of it for your stated objective? a. Less than five years. 1 point b. Five to 10 years. 10 points c. Eleven to 20 years. 20 points d. More than 20 years. 30 points My total score is If you chose the built FOR me: Horizon Portfolio approach, match your score with one of the profiles on page 14. If you chose the built BY me approach, match your total score above to one of the risk profiles on page 15. Transition brochure 13

14 Built FOR me: Horizon Portfolios 9. In how many years are you planning to retire? a. In more than 25 years b. between 15 and 25 years c. between 8 and 55 years d. less than 8 years 100 A score of 0 to 52 points Conservative You understand the portfolio s fund mix will automatically adjust over time and provide the lower-risk investment results you are looking for. Combine this portfolio with the number of years left until retirement to maximize the value of your investments without having to actively manage your funds. 100 A score of 53 to 160 points Moderate You understand the portfolio s fund mix will automatically adjust over time, and you are willing to accept some volatility for moderate growth. Combine this portfolio with the number of years left until retirement to maximize the value of your investments without having to actively manage your funds. Horizon Conservative Portfolios Horizon Moderate Portfolios Horizon Aggressive Portfolios 100 A score of 161 to 190 points Aggressive You understand the portfolio s fund mix will automatically adjust over time, and you are willing to accept a higher degree of volatility to achieve higher growth. Combine this portfolio with the number of years left until retirement to maximize the value of your investments without having to actively manage your funds. NOW WHAT? Select the Horizon Portfolio that matches your risk profile with the number of years left until retirement. For example, if you re a conservative investor who plans on retiring in 12 years, you would select the Horizon Portfolio Conservative When you choose a built FOR me investment, the fund manager takes care of the diversification for you. That means you can invest 100 per cent of your assets in one of these funds. Once you enrol, you can access the Investment risk profiler on mysunlife.ca/groupabb. Simply sign in to mysunlife.ca/groupabb using your access ID and password then select my financial centre > my money tools > Continue. 14 Sun Life Financial

15 Built BY me A score of 35 points or less You have a need for a predictable flow of income or have a relatively short investment horizon. Your tolerance for volatility is low and your primary goal is capital preservation. A score of 36 to 85 points You seek a regular flow of income and stability, while generating some capital growth over time. Your tolerance for volatility is moderate and your primary goal is capital preservation with some income. A score of 86 to 145 points You re looking for long-term capital growth and a stream of regular income. You re seeking relatively stable returns, but will accept some volatility. You understand that you can t achieve capital growth without some element of risk. A score of 146 to 190 points You can tolerate relatively high volatility. You realize that, over time, equity markets usually outperform other investments. However, you re not comfortable having all your investments in equities. You re looking for long-term capital growth with some income. Cash equivalents Bonds (fixed income) Canadian equity U.S. equity International equity A score of 191 points or over You can tolerate volatility and significant fluctuations in the value of your investment because you realize that, historically, equities perform better than other types of investments. You re looking for long-term capital growth and are less concerned with shorter-term volatility. NOW WHAT? Once you know your risk profile, you can build a portfolio using the individual funds available to you to reflect your target risk profile. Choose the appropriate mix of cash, bonds, Canadian equity, U.S. equity and foreign equity to do so. You will need to regularly monitor and re-balance your portfolio using this approach. Transition brochure 15

16 Questions If you have any questions about the transfer of your plan to Sun Life Financial, please contact our Customer Care Centre at , any business day from 8 a.m. to 8 p.m. ET. Know your responsibilities You are responsible for making investment decisions regarding your Plan. We ve provided tools and information to assist you in making these decisions. You should also decide if seeking investment advice from a qualified individual makes sense for you. Thomas & Betts, plans 12, 13 and 14 Group Retirement Services are provided by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. 06/15-al-rj

17 Beneficiary designation and authorization form Return completed form to: Sun Life Financial, Group Retirement Services PO Box 2025 Stn Waterloo, Waterloo ON N2J 0B4 Please PRINT clearly. Nota : La version française de ce document est également disponible. 1 Plan and your personal information Name of plan sponsor Client ID Plan First name Middle initial Last name *Your Social Insurance Number is used for administrative purposes so that information on this form is applied to your account. Date of birth (dd-mm-yyyy) Social insurance number * Identification number address Telephone number (day) Telephone number (evening) Complete the appropriate section to designate a beneficiary for your account. If you have a spouse when you die, the law may stipulate that all or part of the death benefit be paid to your surviving spouse, unless where provided, the spouse waives the death benefit. A beneficiary designation other than your spouse would only apply to those death benefits which are not, according to the law, payable to your surviving spouse. If you wish to ensure that your spouse receives all benefits, please designate your spouse here. In the absence of a beneficiary designation, and if not payable to your spouse as prescribed by law, death benefits will be paid to your estate. It is important for you to ensure that you specify in your will to whom the death benefit should be paid. To appoint a trustee for a beneficiary who is a minor, please complete the Appointment of trustee for a minor beneficiary section. In Quebec, any amount payable to a minor beneficiary during his/her minority will be paid to the parent(s) or legal guardian on his/her behalf. The following caution is required by Manitoba law. It may also be applicable in other jurisdictions. Caution: Your designation of a beneficiary by means of a designation form will not be changed or revoked automatically by any future marriage or divorce. Should you wish to change or revoke your beneficiary in the event of a future marriage or divorce, you have to do so by means of a new designation. 2 Beneficiary designation DCPP Contract number I, the owner, revoke any previous beneficiary designations and name as beneficiary for benefits due on my death: Beneficiary s first name Middle initial Last name Relationship to you* Percentage of benefits *Quebec: if you name your spouse as beneficiary, please indicate if this person is your common-law spouse. Otherwise, we will deem this person to be your legal spouse. Important: Where Quebec law applies, a legal (married or civil union) spouse beneficiary is irrevocable unless you indicate otherwise. If you have an irrevocable beneficiary, you may not change your beneficiary designation and may not be able to withdraw/transfer your assets out of the plan unless you provide Sun Life Financial with the irrevocable beneficiary's written consent. To avoid this restriction and make your beneficiary designation revocable, you must check here: Revocable Beneficiary % % % Page 1 of 3 C0I5Z BEN/PRV V V4 E For SLF use: ENRLMNT

18 3 Marital/Relationship status declaration DCPP I certify, at the time of this declaration, based on the definition of spouse under applicable pension legislation: Note: If your status changes in the future, please complete a Change of records form and also notify your plan sponsor. I have a spouse. Spouse s first name Middle initial Last name I do not have a spouse. 4 Contingent beneficiary appointment If you wish to appoint a contingent beneficiary, please complete this section. If there is no surviving beneficiary at the time of my death, I declare that the following contingent beneficiary shall receive all benefits due on my death in accordance with any applicable legislation. If there is no surviving contingent beneficiary at the time of my death, the proceeds shall be paid to my estate. Unless I indicate otherwise, this contingent beneficiary appointment applies to the above beneficiary designations. I revoke all previous contingent beneficiary appointments. Contingent beneficiary s first name Middle initial Last name Relationship to you Percentage of benefits % % % 5 Appointment of trustee for a minor beneficiary (not valid in the province of Quebec) If you wish to appoint a trustee for a minor beneficiary, please complete this section. First name of minor beneficiary Middle initial Last name Note: the Trustee may have to account for its administration to the Public Trustee. Any amount payable to a minor beneficiary during his/her minority will be paid to the individual named hereunder, as Trustee for the minor child. First name of trustee Middle initial Last name Relationship to you 6 Your signature of authorization Payment to the Trustee shall discharge Sun Life Financial. Sun Life Financial cannot be responsible for the effect or sufficiency of the appointment. I require that all future communications, including this application and Group Plan documents, be provided in English. I authorize Sun Life Assurance Company of Canada, its agents and service providers, to obtain, use and transmit to my plan sponsor, its agents and service providers, my personal information for the purpose of plan administration. I also authorize Sun Life Assurance Company of Canada, its agents and service providers to transmit my personal information to the advisor appointed by my plan sponsor, if any, or to my personal advisor for the purpose of enabling in-plan advisory services. Unless I select No below, I agree that my information may be collected, used and shared with the members of the Sun Life Financial group of companies*, their agents and service providers to inform me of other financial products and services that they believe meet my changing needs. No, I refuse permission *The companies in the Sun Life Financial group of companies mean only those companies identified in Sun Life Financial s Privacy Policy for Canada which is available on the Sun Life Financial website, Your signature Date (dd-mm-yyyy) X Page 2 of 3 C0I5Z BEN/PRV V V4 E For SLF use: ENRLMNT

19 7 Keeping your information confidential Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is committed to keeping your information confidential. We may leverage our strengths in our worldwide operations and in our negotiated relationships with third party providers and reinsurers who, in some instances, may be located in jurisdictions outside Canada. Your personal information may be subject to the laws of those foreign jurisdictions. Sun Life Financial s operations worldwide and our third party providers are required to protect the confidentiality of your personal information in a manner that is consistent with our privacy policy and practices. To find out about our Privacy Policy, visit our website at or to obtain information about our privacy practices, send a written request by to privacyofficer@sunlife.com, or by mail to Privacy Officer, Sun Life Financial, 225 King St. West, Toronto, ON M5V 3C5. Page 3 of 3 C0I5Z BEN/PRV V V4 E For SLF use: ENRLMNT

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