Sun Life Financial Inc. – 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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]]> Looking under the hood of jumbo transactions https://uat-cumulus.benefitscanada.com/news/cir-news-news/expert-panel-looking-under-the-hood-of-jumbo-transactions/ Tue, 11 May 2021 13:53:25 +0000 https://www.benefitscanada.com/?p=100129 The recent announcement that General Motors of Canada Co. purchased $1.8 billion of annuities for its salaried pension plan is creating a lot of excitement. GM Canada joins a growing list of plan sponsors who’ve purchased sizeable annuities in the last few years: Stelco Inc. ($885 million), Alcoa Corp. ($750 million), Rio Tinto Group ($560 […]

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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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]]> Corby, Hiram Walker entering $176-million group annuity buy-in https://uat-cumulus.benefitscanada.com/canadian-investment-review/cir-news/corby-hiram-walker-entering-176-million-group-annuity-buy-in/ Mon, 07 Dec 2020 12:20:48 +0000 https://cumulus.benefitscanada.com/uncategorized/corby-hiram-walker-entering-176-million-group-annuity-buy-in/ Corby Spirit and Wine Ltd. and Hiram Walker & Sons Ltd. are de-risking with a $176-million group annuity buy-in amidst volatile markets caused by the coronavirus pandemic. The deal covers 750 retirees and beneficiaries and there will be no change for plan members, who will continue to be paid from the plan as before the […]

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