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Canada’s pension de-risking market saw a record-breaking year in 2022, with $7.8 billion in transferred liabilities and 155 transactions, according to a new report by Eckler Ltd. Mary Kate Archibald, pension principal at the consultancy, says the increase in the total sum for the year wasn’t a surprise due to the interest rate environment. To […]
Stelco completed a pension buy-in with Brookfield Annuity Co. and Sun Life Assurance Co. of Canada to insure $1.1 billion in liabilities.
The Canadian pension risk transfer market registered about $6.6 billion in annuity sales in the second half of 2021, far exceeding the activity of any previous calendar year, according to a new report by Eckler Ltd. It found total annual sales of about $7.7 billion were generated in 2021, with more than $200 million in business […]
TORONTO, April 7, 2021 /CNW/ - Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, in collaboration with Sun Life, iA Financial Group and Brookfield Annuity, today announced a group annuity buy-out transaction of CA$1.8 billion for over 6,000 members of the General Motors of Canada Company salaried pension plan who retired prior to June 1, 2020. Marco Dickner, Retirement Risk Management Leader, Canada, at Willis Towers Watson, said "This deal is ground-breaking because it demonstrates that Canadian insurers can now effectively meet plan spons...