Canada Life today announces the appointment of Mark Fenlon as Operations Director for Bulk Purchase Annuities (BPA), effective immediately.
Mark joins Canada Life’s BPA Senior Leadership Team, reporting to Dominic Moret, Managing Director, BPA.
In this role, he will drive forward Canada Life’s BPA operations strategy, delivering services and propositions that underpin the business’s commitment to operational excellence during the buy-in to buyout journey and the experience provided to members throughout and beyond the transfer process.
Mark joins from Standard Life, where he was Director of Client Services, Annuities. He has also held senior operational and actuarial roles at Aviva and Legal & General.
Dominic Moret, Managing Director, BPA, Canada Life, comments:
“Mark’s appointment reflects the next stage of growth in our operational capabilities as we scale up to support our customers in the BPA market, with members’ interests at the heart of our decisions. He brings deep, proven leadership experience to the team, providing trustees with the assurance that we can help their schemes navigate complexity with confidence as they move to buyout, and that we will continue to care for their members into the future.”
Mark Fenlon, Operations Director, BPA, Canada Life comments:
“Over many years working in the industry, I have seen that trust is built through strong partnerships, dependable delivery and a clear focus on what matters most to pension scheme members. I’m looking forward to joining the excellent team at Canada Life and supporting trustees on the path to buyout, combining operational expertise and a flexible approach to schemes’ needs as they navigate the buyout journey and beyond with clarity.”
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Notes to editors
Enquiries:
Press enquiries should be directed to:
Julie Hughes-Edwards, Canada Life, +44 7803 249343, julie.hughes-edwards@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 Limited, registered in England and Wales with registration no. 3846821. Registered office: Level 37, 22 Bishopsgate, London EC2N 4BQ. 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.