Canadian annuity purchases by defined benefit pension plan sponsors reached $1.5 billion in the second quarter of 2026, pushing the year-to-date total to $1.9 billion, according to a pension risk report from Telus Health.

The recorded volume of transactions for this year is higher than the same period for 2025 ($0.8 billion) but lower compared to 2024 ($2.6 billion), which ended up being a record-breaking year in the market with $11 billion worth of risk transfer deals.

Read: Canadian pension risk transfer market reaches $1.8 billion in first half of 2026: report

In an emailed statement to Benefits Canada, Gavin Benjamin, a partner in the retirement and benefits........

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