Sun Life Signs China Pension Deal

The Globe and Mail, Sinclair Stewart, 18 July 2006Sun Life Financial Inc. has signed a deal to distribute pension products through one of China's largest state-owned banks, an arrangement that is believed to be the first of its kind for a foreign insurer.The move will give Sun Life a head start in the race to cash in on "enterprise annuities," a fledgling market that is viewed as one of the