Unit-linked

If we look after a life insurance or pension policy for you, then some of your money might be invested in something called a ‘unit-linked fund’.

If you’re not sure whether your money is invested in a unit-linked fund, ask us.

What are unit-linked funds and how do they work?

A unit-linked fund is a type of investment fund. Like most types of investment fund, it works by pooling together lots of people’s money to invest in a range of assets, such as shares, bonds and property.

It’s called a unit-linked fund because when you pay into it, your money is converted from pounds and pence into a number of ‘units’, which make up the fund. How many units you get will depend on what a unit is worth when you put your money in. When you want to take money out, you sell some or all of your units.

The fund is looked after by an investment expert called a fund manager. It’s their job to choose which assets the fund invests in. They’ll do this by looking at what the fund needs to achieve – for example, creating growth in the medium to long-term. They’ll then choose the mix of assets that they think will work best for that goal taking into account the investment restrictions of the fund.

The price of a unit is re-calculated and updated regularly – usually every day. The value of your units is linked to the performance of the assets in the fund and can go either up or down. This means that you could get less than you put in. However, some of our funds come with a guaranteed minimum return.

Review your investments every year

You should check in with your investments every year to make sure they’re still giving you what you need.

We can give you general information. But for advice that’s specific to you or for help deciding what to do with your money, you’ll need to talk to a financial adviser. You can find one at www.unbiased.co.uk. They’ll probably charge you for their time.

Switching funds

For more information about fund switching please get in touch.

More information

This guide Adobe PDF document provides more information about how our unit-linked funds work and how we manage them.

Fund hub

Sun Life Financial of Canada

Disclaimer

You are being redirected to a website external to Sun Life Financial of Canada.

The content of this fund hub is for information only. It is not designed to provide advice on the suitability of an investment for your personal financial situation. Please contact your financial adviser for further explanation or advice if you want to know if a fund is, or remains, appropriate for you.

Unit prices can fall as well as rise on a daily basis and are not guaranteed. Charges and costs may also vary.
Whilst every care is taken in the calculation and publication of these figures, Sun Life Assurance Company of Canada (U.K.) Limited and its sources accept no liability arising out of any error, inaccuracy or mis-statement contained in it or any usage of the information.


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Our fund hub provides fund fact sheets for all our unit-linked and i2Live funds. Use the fund hub to find the latest unit prices, past performance data, fund charges and information about our fund managers.

Finding your fund code

You will need your full fund code to find your fund fact sheet in the fund hub. You can find the main part of your fund code in your annual statement. The full fund code will depend on where you bought your Sun Life Financial of Canada plan from originally or the type of product you have.

Who did you buy your original plan from?

For customers who bought plans directly from Sun Life Financial of Canada or Confederation Life:

  • If the fund code in your annual statement starts with a letter you don’t need to add anything to the beginning of the code. You already have the full fund code and can use this to find your fund fact sheet.
  • If the fund code in your annual statement starts with a number, please:
      • Add the letter A to the beginning of your code.
      • Make the number three digits, for example ‘1’ is 001.
      • If you have accumulation units add A at the end of your code or if you have capital units add C at the end of your code. If you are not sure which type of units you have, please give us a call.

    For example, if the fund code on your annual statement is ‘38’ and you have accumulation units, your full fund code is A038A or if you have capital units your full fund code is A038C.

For customers who originally bought plans from one of the companies we now own shown in the list below:

Armco Laurentian
Associated Investors Liberty
British National Life Assurance (BNLA) Life & Equity
Cannon Lincoln
Citibank Southampton
City Financial Trident
Imperial Trinity
International Life Yeoman
  • If the fund code in your annual statement starts with a letter you don’t need to add anything to the beginning of the code. You already have the full fund code and can use this to find your fund fact sheet.
  • If the fund code in your annual statement starts with a number, please:
    • Add the letter B to the beginning of your code.
    • If you have accumulation units add A at the end of your code or if you have capital units add C at the end of your code. If you are not sure which type of units you have, please give us a call.

    For example, if the fund code on your annual statement is ‘001’, your full fund code is B001A.

I am an i2Live customer

You can find the main part of your fund code in your annual statement. Your fund codes start with an F followed by 3 numbers (e.g F848). You need to add an A to the end of this code (e.g. F848A).

Not sure?

If you are not sure or have any questions, please give us a call. We can look your plan up and tell you your fund code.

Capital or accumulation units

The value of your plan could be invested in either capital or accumulation units, or a mixture of the two. This will depend on your individual plan and the type of contributions made. 

Capital units have a higher Annual Management Charge to cover our costs for setting up your investment. We have shown the difference in these charges within the fact sheets. The performance figures demonstrate the performance of the fund, after allowing for the impact of fund charges.

If you are not sure which type of units you have, please give us a call.

This guide aims to make the cost of investing in our funds transparent. It provides more detail about the charges involved when you invest in a fund and what this means for you. We want to help you make informed choices and hope that you find this guide useful.