Brookfield Annuity – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Pension annuity transactions in Canada totalled $4.45BN in 2020: report https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/annuity-transactions-in-canada-totalled-4-45bn-in-2020-report/ Wed, 21 Jul 2021 19:00:26 +0000 https://www.benefitscanada.com/?p=104348 Despite market upheaval as a result of the coronavirus pandemic, the Canadian pension risk transfer market had its third-best year for group annuity transactions, according to Eckler Ltd.’s latest report. By the end of 2020, pension risk transfer market transactions totalled $4.45 billion, only slightly behind 2018’s $4.5 billion but below 2019’s $5.2 billion, noted the report. […]

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]]> GM Canada transferring $1.8BN in pension liabilities via group annuity buyout https://uat-cumulus.benefitscanada.com/news/bencan/gm-canada-transferring-1-8b-in-pension-liabilities-via-group-annuity-buyout/ Thu, 08 Apr 2021 13:00:03 +0000 https://www.benefitscanada.com/?p=98031 General Motors of Canada Co. is transferring the longevity risk for $1.8 billion in pension plan liabilities through a group annuity buyout. Jennifer Wright, director of communications at GM Canada, said in a statement that the automaker has been taking steps to reduce risk and strengthen its retirement plans with a view to protecting the […]

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