Trustees
If you’re considering a bulk purchase annuity, speak to our new business team.
01707 422 394
Monday to Friday, 9am to 5pm
Protect your members and reduce your liability
Here’s everything you need to know about our bulk annuities service. How it works, the services we provide and the benefits.
Our team specialise in de-risking pension plans, helping to provide security for members and reducing your liability. We have extensive experience in bulk annuities and have the data needed to appropriately price longevity risk.
We create bespoke solutions, whatever size your scheme. From small schemes of less than 30 members to larger schemes with over 3000 members.
Each new bulk annuity purchase is given a dedicated Scheme Implementation Consultant to ensure a smooth transition process.
Our buy-in service supports trustees and sponsoring employers who want to provide long-term security for scheme members.
A buy-in allows you to protect your pension scheme from investment, inflation and longevity risks. We make regular payments into the scheme to meet monthly pension payroll needs.
The relationship between your pension scheme and its members stays the same - the scheme continues to pay the benefits and we have no direct relationship with members.
Our buy-out service is for trustees who want to permanently settle their pension liabilities.
We take over responsibility for the liabilities bought out by the pension scheme, removing the associated risks from the sponsoring employer.
Members of the scheme are issued individual policies by us and we become responsible for the pensioner payroll and member administration. Where a full scheme buy out takes place, the pension scheme can then be wound up by the trustees.
We have over 10 years’ experience in helping trustees de-risk their pension schemes.
Canada Life has operated in the UK since 1903. We’re a global composite insurer that’s able to diversify risk across multiple product types and markets. We’re highly rated by all the major agencies for financial strength.
Our dedicated annuity team has won numerous industry awards for its first-class service and ongoing support.
The team offers:
The teams also carries out:
Our Controls and Customer Experience Team monitors the overall controls and quality.
They perform:
Our Scheme Implementation Consultant works with you on a day-to-day basis to ensure all your needs are met. They:
Our asset management team has a record of sourcing attractive assets, which allows us to offer competitive pricing to our clients and customers.
Our expert team have agreed bulk annuity contracts with a number of clients including:
The team adopt a flexible approach when finalising terms, including conference calls and face-to-face meetings. It takes around three weeks to complete a contract, from initial comments to signing the policy conditions.
If you’re considering a bulk purchase annuity, speak to our new business team.
Monday to Friday, 9am to 5pm
Contact our bulk annuities customer services for policy changes or questions.