The group annuity market for Canadian defined benefit pension plans is expected to stay in line with the $7 billion recorded in 2025, according to a new report by WTW.

It found in 2026, the estimated sum of transactions currently totals $1.9 billion. The report also noted annuity pricing remained highly competitive during the second quarter of 2026, relative to accounting liabilities, due to a 10-basis point increase in proxy credit spreads shared by the Canadian Institute of........

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