March 07, 2022
Life’s brighter under the sun
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Over 70 plan sponsors purchased
annuities
Over 300 plans sponsors in the past five years
Over 15 plan sponsors had previously purchased annuities
Plan sponsors are expanding their partnerships with insurers
Protecting DB pensions for Canadians
Another 25K Canadians had part or all of their pension insured
This brings the total for the past five years to over 125K Canadians
A game-changing year for pension risk transfer
Buy-ins are now as popular
as buy-outs
The scale shifts depending on the largest transactions in any given year
We worked with 14 plan sponsors to successfully de-risk their plans
We made more than $1B in annual pension payments to over 170K Canadians
We’re proud to have the largest market share for the 14th year in a row
Reducing inflation risk
Market dynamics have shifted
The Canadian group annuity market has great momentum and is on its way to the next major milestone in the near future!
As transaction size has increased over the years, in 2021 there was also a record number of 22 deals over $100M.
Market dynamics changed in 2021, as described by LifeWorks: “Increased plan sponsor demand combined with a limited insurer supply meant that insurers focused their resources on their most desirable liabilities; this translated into competitive pricing for a given transaction and, in some instances, a smaller number of participating insurers.”