News & Updates

Sun Life reports Canada's pension risk transfer market hits record $11 billion in 2024

Authors:
BMKP Logo

April 30, 2025

Sun Life reports Canada's pension risk transfer market hits record $11 billion in 2024

Canada’s pension risk transfer market has grown more than four-fold in the last decade, according to a report by Sun Life.

The company’s 2024 overview report showed that the Canadian pension risk transfer market was worth a record-breaking $11 billion in 2024, up from $2.6 billion in 2015. The 2024 figure was also around 41% more than in 2023, when transfers totalled $7.8 billion.

Of the 2024 total, around $3.3 billion came from inflation-linked annuity transactions, with 130 plan sponsors purchasing group annuities over the course of the year.    

Click on ‘More Information’ below to review the report:

More Information

Share
Print this Page icon

Read More

}

May 22, 2025
Ontario DB pension plans closed 2024 with highest full-year solvency levels since 2009: FSRA quarterly report
FSRA defines 'vulnerable consumers' }

May 21, 2025
FSRA defines 'vulnerable consumers' in new framework, including pension beneficiaries
OMERS 2024 Pension Plan/Fund figures}

May 14, 2025
OMERS posts 8.4% return in 2024, net assets reach $132.8b amid equity gains
Financial Services Regulatory Authority of Ontario urges vigilance}

May 13, 2025
Financial Services Regulatory Authority of Ontario urges vigilance as fraudsters circulate fake approval letters

See More Media