Canada Life today announces the appointment of Dominic Moret as Managing Director, Bulk Purchase Annuities (BPA) to drive scale and accelerate momentum behind the delivery of its BPA growth strategy, subject to regulatory approval.
Dominic will lead Canada Life’s end-to-end BPA proposition, setting its strategic direction, accelerating growth and strengthening its position as a provider of innovative pension de-risking solutions that deliver long‑term security for schemes and their members.
He will report to Canada Life’s Chief Executive, Emma Watkins, and will sit on Canada Life’s Executive Committee.
Dominic brings over 20 years of experience in the pensions and insurance industry, including 12 years in the UK BPA market. He joins Canada Life from Legal & General where, most recently as Head of Origination and Execution, he led its commercial team and was accountable for the development of its BPA proposition, management of external relationships, delivery of BPA transactions and their efficient transition to buyout.
Emma Watkins, Chief Executive, Canada Life UK, comments:
“Canada Life’s BPA business has strong momentum, achieving important milestones in the last year, including taking our first schemes with deferred members to buyout and delivering an industry‑first buyout member experience through our Your Life Hub, with WeCare at its heart. Dom brings exceptional leadership and deep market experience, positioning us to accelerate our BPA strategy and scale for the future.
“His appointment marks a real step change in Canada Life’s ambition in the BPA market and reinforces our commitment to being a long‑term partner of choice for pension schemes and their members.”
Dominic Moret, Managing Director, Bulk Purchase Annuities, Canada Life, comments:
“I was attracted to Canada Life by the combination of a strong and established platform, talented people and a real ambition to grow in the BPA market with the backing of global parent Great-West LifeCo. I’m excited about the opportunity to build on the progress already made and take the business to its next phase.
“For me as Managing Director, that means combining commercial ambition with a relentless focus on the experience we deliver to pension scheme members and trustees, and building on solid foundations to further develop our capabilities and build stronger, long-term relationships with pension schemes and their advisers.”
- ENDS -
Notes to editors
Enquiries:
Press enquiries should be directed to:
Rebecca Gladstone, Canada Life, +44 7833 085387, rebecca.gladstone@canadalife.co.uk
About Canada Life:
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Through its subsidiary companies, Great-West Lifeco operates in Canada, the United States, and Europe. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies.
Canada Life Limited began operations in the United Kingdom (UK) in 1903 and provides UK individuals and businesses with a range of retirement, investment, insurance and wealth solutions. Canada Life offers individual annuities, pension de-risking solutions, home finance, estate planning and investment options, and workplace protection products.
Canada Life Limited (no.973271) is registered in England and Wales, authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Stonehaven UK Limited (no.05487702), trading as Canada Life, is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. Canada Life International Limited (no.033178C) and CLI Institutional Limited (no.108017C) are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority. Canada Life International Assurance (Ireland) DAC (no. 440141) and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.
Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited (no.3846821), Canada Life Limited and Canada Life European Real Estate Limited (no.03846823). Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority.
Please note that while Canada Life Limited and Canada Life Asset Management Limited are regulated as stated above, property management and the provision of commercial mortgages are not regulated activities.
www.canadalifeassetmanagement.co.uk