Canadian defined benefit pension plans reported a below-average volume of risk transfer transactions in the first quarter of 2026, according to a new report by Telus Health.

It found $0.3 billion worth of pension risk transfer activity took place in Q1, compared to $0.7 billion for the same period in 2025. Notably, there was $1.1 billion worth of transactions in Q1 2024, a record year for pension risk transfer deals with a total of $11........

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