Canada Life appoints BPA operations director

Canada Life has appointed Mark Fenlon (pictured) as operations director for bulk purchase annuities (BPA).

Fenlon joins the bulk purchase annuities senior leadership team and will report to Dominic Moret, managing director for BPA.

He will oversee the firm’s operations strategy and its services during the move from buy-in to buyout.

Fenlon joins from Standard Life, where he was director of client services for annuities. 

He previously held senior operational and actuarial roles at Aviva and Legal & General.

Fenlon said: “Over many years working in the industry, I have seen that trust is built through strong partnerships, dependable delivery and a clear focus on what matters most to pension scheme members. 

“I’m looking forward to joining the excellent team at Canada Life and supporting trustees on the path to buyout, combining operational expertise and a flexible approach to schemes’ needs as they navigate the buyout journey and beyond with clarity.”

Moret said: “Mark’s appointment reflects the next stage of growth in our operational capabilities as we scale up to support our customers in the BPA market, with members’ interests at the heart of our decisions.