{"id":909437,"date":"2026-07-03T08:43:19","date_gmt":"2026-07-03T08:43:19","guid":{"rendered":"https:\/\/www.europesays.com\/us\/909437\/"},"modified":"2026-07-03T08:43:19","modified_gmt":"2026-07-03T08:43:19","slug":"canada-life-closes-48m-buy-in-with-oil-and-gas-industry-pension-scheme","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/909437\/","title":{"rendered":"Canada Life closes \u00a348m buy-in with oil and gas industry pension scheme"},"content":{"rendered":"<p>Canada Life, a UK insurer providing life insurance and pension risk transfer services, has completed a \u00a348 million full-scheme buy-in with a pension scheme in the oil and gas industry.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-171397\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/05\/canada-life-logo.jpg\" alt=\"canada-life-logo\" width=\"360\" height=\"225\"  \/>This transaction secures the future benefits of\u00a0more than 500 pensioner and deferred members.<\/p>\n<p>WTW served as the lead broker and also provided services as the Scheme Actuary, administrator via their OneDB platform, and investment adviser.<\/p>\n<p>Regarding legal counsel, Pinsent Masons represented the Trustees, while Canada Life relied on its internal legal department.<\/p>\n<p>Andrew Nicolaou, Business Development Manager, Bulk Purchase Annuities at Canada Life, commented: \u201cWe are proud to have supported the trustees through a significant de\u2011risking milestone for the scheme and a major step forward in securing the long\u2011term retirement income of its members.<\/p>\n<p>\u201cDrawing on Canada Life\u2019s financial strength and extensive experience in the bulk annuity market, delivering this buy-in solution reduces volatility for the sponsor while delivering stability and security for both the scheme and members long-term.\u201d<\/p>\n<p>Tom Ashworth, Risk Transfer Director at WTW, said: \u201cSince our appointment as full-service adviser in 2019, it has been a pleasure to work closely with the trustee and sponsor to develop and deliver the transaction strategy \u2013 managing illiquid assets, securing bespoke benefit features, and ultimately enhancing benefits for members.<\/p>\n<p>\u201cIt was great to secure this deal, working closely with the teams at Pinsent Masons and Canada Life to deliver a successful outcome for our client and scheme members.<\/p>\n<p>he added: \u201cWe\u2019re continuing to see a huge amount of activity in this part of the market. Smaller schemes now have a choice of insurer and can secure bespoke transaction features if they approach the market strategically.\u201d<\/p>\n<p>                    <a href=\"#\" rel=\"nofollow\" onclick=\"window.print(); return false;\" title=\"Printer Friendly, PDF &amp; Email\"><br \/>\n                    <img decoding=\"async\" class=\"pf-button-img\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/05\/printfriendly-pdf-button-nobg-md.png\" alt=\"Print Friendly, PDF &amp; Email\" style=\"width: 124px;height: 30px;\"\/><br \/>\n                    <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Canada Life, a UK insurer providing life insurance and pension risk transfer services, has completed a \u00a348 million&hellip;\n","protected":false},"author":3,"featured_media":825703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[15],"tags":[64,367845,137849,7990,255,67,132,68],"class_list":["post-909437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-buy-in","tag-canada-life","tag-pension-scheme","tag-personal-finance","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116855165723511674","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/909437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=909437"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/909437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/825703"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=909437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=909437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=909437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}