group annuity buy-in – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 May 2024 19:23:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. pension risk transfer sales premium increased 53% in Q4 2023: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/u-s-pension-risk-transfer-sales-premium-increased-53-in-q4-2023-report/ Fri, 05 Apr 2024 13:00:37 +0000 https://www.benefitscanada.com/?p=153928 The total premium of U.S. pension risk transfer sales reached US$12.7 billion in the fourth quarter of 2023, a 53 per cent increase from the same period in 2022, according to a report by LIMRA. It found that pension risk transfer sales totalled $45.8 billion in 2023, down 13 per cent from 2022. There were […]

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]]> Group annuity market growing as DB pension plans move to de-risk https://www.benefitscanada.com/pensions/defined-benefit-pensions/group-annuity-market-growing-as-db-pension-plans-move-to-de-risk/ Thu, 21 Mar 2024 13:00:25 +0000 https://www.benefitscanada.com/?p=153313 Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well for what has been a rapidly expanding group annuity buyout and buy-in market. “As of 2013, the group annuity market amounted to about $1 billion annually,” says Charbel Assal, senior […]

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]]> U.S. pension risk transfer sales increased 39% in Q3 2023: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/u-s-pension-risk-transfer-sales-increased-39-in-q3-2023-survey/ Mon, 08 Jan 2024 14:00:39 +0000 https://www.benefitscanada.com/?p=149973 U.S. pension risk transfer sales increased by 39 per cent during the third quarter of 2023, according to a report by LIMRA. It found single premium buyout sales were US$8.1 billion, 69 per cent lower than this time last year. Year-to-date, buyout sales fell 30 per cent to $28.9 billion compared to 2022. There were […]

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]]> North American envelope maker purchasing $46 million group annuity buy-in https://www.benefitscanada.com/canadian-investment-review/investments-other/north-american-envelope-maker-purchasing-46-million-group-annuity-buy-in/ https://www.benefitscanada.com/canadian-investment-review/investments-other/north-american-envelope-maker-purchasing-46-million-group-annuity-buy-in/#respond Wed, 15 Jan 2020 05:18:54 +0000 https://cumulus.benefitscanada.com/uncategorized/north-american-envelope-maker-purchasing-46-million-group-annuity-buy-in/ North American envelope marker and marketer, Supremex Inc., is purchasing a $46 million group annuity buy-in with RBC Life Insurance Co. The deal covers 361 defined benefit plan pensioners, beneficiaries and deferred vested members. It comes on the heels of an almost $7 million transaction made in June 2018 for a smaller group of members […]

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