Sun Life Financial of Canada is to no longer offer products to new customers and will focus solely on providing products and services to its existing customers.

As the company will no longer write i2Live and Financial Foundations business for new customers, approximately 100 employee positions will be affected.

Janet Fuller, CEO of Sun Life Financial of Canada, UK said: “As a consequence of volatility in the economic landscape and the continuing high degree of uncertainty in the world about capital and other business requirements