Brookfield Asset Management has launched a wholly-owned subsidiary called Brookfield Annuity Co., the first company in Canada to specialize in providing group annuity solutions for de-risking defined benefit pension plans. Compared to global annuity markets, particularly Britain, Canada has been a bit slower to follow this trend, according to Paul Forestell, president and chief executive […]
Global retailer Kingfisher Group has agreed a £230-million medically underwritten buy-in for its defined benefit pension plan. The transaction, which covers 149 specific plan members from the company’s £3-billion pension, was completed by Legal and General, and advised by Aon Hewitt and Hymans Robertson. It is the largest medically underwritten bulk annuity arrangement to date in Britain. Read: Sun Life completes […]
The number of U.K. company pension schemes entering into longevity swaps and bulk-annuity deals in 2016 is expected to increase due to schemes recognizing the importance of managing the longevity risk in their portfolio, according to a new report. Willis Towers Watson’s 2016 De-risking Report found that 2015 saw in excess of £10 billion of liabilities transferred […]
Many employers that sponsor DB pension plans are considering reducing the risk in their plans. An approach to reduce risk that is gaining popularity is to purchase a group annuity in respect of all or a portion of a pension plan’s retiree (and in some cases deferred vested) obligations.
An article on Skip’s enhanced fertility and mental-health coverage was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Skip delivering enhanced fertility, mental-health coverage 2. Caisse acquiring minority stake in private credit platform, Ontario Teachers’ joins funding round […]
OVERVIEW SPEAKERS DELEGATES SPONSOR INFORMATION SEATING PLANS HOTEL INFORMATION ACTIVITIES SURVEY PDF PRESENTATIONS CONTACT US Sponsor Profiles CANADA LIFE Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical, and mental well-being of Canadians. For over 175 years, individuals, families and business owners across Canada have trusted us […]
OVERVIEW AGENDA SPEAKERS SPONSOR INFORMATION ACTIVITIES LOCATION POST EVENT COVERAGE Sponsor Profiles CANADA LIFE Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical, and mental well-being of Canadians. For over 175 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and […]
Nine in 10 (89 per cent) U.S. defined benefit pension plan sponsors say they’re expecting to completely divest their plan liabilities in roughly four years, according to a new survey by MetLife Inc. The survey, which polled 250 DB plan sponsors, found nearly all (94 per cent) said the financial impacts of volatility and related risks […]
The median solvency ratio of defined benefit pension plans in Canada increased during the third quarter of 2023, according to separate reports from Mercer and Aon. Mercer’s report showed median solvency ratio rose from 119 per cent at June 30 to 125 per cent at Sept. 30, according to Mercer’s latest pension health pulse. The report, […]
Large and small, pension plan sponsors are adopting in-house tools, partnering with technology research institutes or relying on investment managers for technological support with asset allocation, risk management and other aspects of investment management. The growing interest coincides with an increasingly complex investment, demographic and regulatory landscape. A 2020 Deloitte report on the importance of […]