Canada Life enters bulk annuity market with £5m pensioner buyout deal

clock

Canada Life has completed its first ever bulk annuity transaction - completing a £5m pensioner buyout with Oundle School.

The deal was brokered by JLT Employee Benefits, who also helped Oundle School conduct a trivial commutation exercise as part of the deal. Around 150 members of the Oundle School Pension and Life...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

M&G completes £100m 'BPA-plus' transaction for Miller Insurance

M&G completes £100m 'BPA-plus' transaction for Miller Insurance

Proposition provides potential upside for members from discretionary bonus payments

Jonathan Stapleton
clock 24 July 2026 • 2 min read
ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life

ReAssure Staff Pension Scheme completes £260m buy-in with Standard Life

Deal follows Phoenix Group’s acquisition of ReAssure in 2020

Jonathan Stapleton
clock 23 July 2026 • 2 min read
HSBC Bank-sponsored scheme completes £10m buy-in with Royal London

HSBC Bank-sponsored scheme completes £10m buy-in with Royal London

BPA transaction completed with support of sponsor to secure members’ benefits over the long-term

Martin Richmond
clock 22 July 2026 • 2 min read
Trustpilot