Canada Life has appointed Dominic Moret as Managing Director, Bulk Purchase Annuities.
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 will report to Canada Life’s Chief Executive, Emma Watkins, and will sit on Canada Life’s Executive Committee.
“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,” said Emma Watkins, Chief Executive, Canada Life UK.
“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.”
Moret has 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 buy-out.
“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,” said Moret.
“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.”
