Canada Life, a UK insurer providing life insurance and pension risk transfer services, has announced the appointment of Dominic Moret as Managing Director, Bulk Purchase Annuities (BPA).
In his new role, 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 Emma Watkins, Chief Executive of Canada Life, and will serve on Canada Life’s Executive Committee.
Moret brings more than 20 years of experience in the pensions and insurance industry, including 12 years in the UK BPA market.
He joins Canada Life following 12 years at Legal & General, where he most recently served as Head of Origination and Execution, Pension Risk Transfer. In this role, he led its commercial team and was accountable for developing its BPA proposition, managing external relationships, delivering BPA transactions and ensuring their efficient transition to buyout.
Watkins commented, “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.
“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 added, “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.
“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.”
