Canada Life appoints managing director to lead BPA growth

Canada Life has appointed Dominic Moret (pictured) as managing director, bulk purchase annuities (BPA) to lead its BPA growth strategy, subject to regulatory approval. 

Moret will oversee Canada Life’s BPA proposition, set its strategic direction and strengthen its position as a provider of pension de-risking solutions. 

He will report to Emma Watkins, CEO of Canada Life UK and join the executive committee.

Moret brings more than 20 years of experience in pensions and insurance, including 12 years in the UK BPA market. 

He joins from Legal & General, where he was head of origination and execution and led the commercial team, developed the BPA proposition, managed external relationships and delivered BPA transactions.

Moret said: “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.”