Higher long-term bond yields driven by rising interest rates are lowering the cost of annuity purchases for defined benefit pension plans, says Mary Kate Archibald, a principal at Eckler Ltd. Since January, the cost of an annuity purchase has decreased by between 10 and 15 per cent, as long-term bond yields increased from 1.7 to […]
The Canadian pension risk transfer market registered about $6.6 billion in annuity sales in the second half of 2021, far exceeding the activity of any previous calendar year, according to a new report by Eckler Ltd. It found total annual sales of about $7.7 billion were generated in 2021, with more than $200 million in business […]