Staff
The University of British Columbia pension administration office has entered into a co-administration model with Sun Life.
Sun Life will be the custodian and recordkeeper for the UBC Faculty Pension Plan (FPP).
The office had had been administering the plan since 1967.
Read: Sun Life to acquire Prime Advisors
The UBC pension administration office will continue to provide member services and support for their plan members.
The agreement for the mandate was reached in September 2014 and the transfer was completed on June 25, 2015.
Sun Life will be the custodian and recordkeeper for about $2 billion in assets for 5,800 plan members.
Also read: