Canada Life has appointed Dominic Moret as managing director, bulk purchase annuities (BPA), subject to regulatory approval.
Moret 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 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.
Commenting on his appointment, Moret said: “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 its 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.”
