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Defined Benefit
De-Risking Solutions

Download our brochure to learn more about how we can help you reduce your pension risk and provide security for your pensioners.

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BMO Insurance - Group Retirement Solutions

Discover the ways BMO Insurance - Group Retirement Solutions can help support your company’s pension de-risking strategy, allowing you to control pension costs, decrease administration efforts and protect the future security of your members’ benefits.

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Learn more about our customized solutions

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Transfer Your Pension Risk

Through a customized investment strategy, we will take on your company’s longevity, market and benefit payment risks, relieving your balance sheet of pension risk and guaranteeing the future income of your members.

Reduce Administration

Our team will manage pension and benefit administration, reducing your need to train and employ pension experts, and freeing resources to focus on other areas of your business.

Provide 24/7 Member Access

Our group annuity online portal offers self-serve capabilities for your pensioners, and provides pertinent information to keep them informed of their benefit status at all times.

Want to learn more?

Download our brochure for additional information about our retirement and pension solutions.

Download brochure

Request Information for Your Business

Learn more about our customized solutions

Call 1-877-742-5244


Our Solutions

Our de-risking products contain customized solutions to help your company manage
and minimize the risks associated with your group pension plan.

Your pension liabilities and benefit administration are transferred to BMO Insurance. A single premium further simplifies your pension administration.


We make monthly annuity payments to your plan in exchange for a single premium. The plan continues to pay members directly, making the policy invisible to retirees.


Protect your plan specifically against longevity risk. We make monthly pension payments into the plan for the lifetime of your pensioners for a locked-in premium.


BMO Insurance - Group Retirement Solutions
Considerations: Annuity Buy-Out Annuity Buy-In Longevity Insurance
Reduce Longevity Risk Yes Yes Yes
Reduce Market Risk Yes Yes No
Reduce Benefit Administration Yes No No
Premium Type Single lump sum Single lump sum Monthly Locked-In
Payment to Pensioners Paid by GRS Paid by Plan Sponsor Paid by Plan Sponsor
Convertible No Yes, to Buy-Out No
Accounting settlement Yes No No
Member Portal Yes N/A N/A

Annuity Buy-Out

Your pension liabilities and benefit administration are transferred to BMO Insurance. A single premium further simplifies your pension administration.

Annuity Buy-In

We make monthly annuity payments to your plan in exchange for a single premium. The plan continues to pay members directly, making the policy invisible to retirees.

Longevity Insurance

Protect your plan specifically against longevity risk. We make monthly pension payments into the plan for the lifetime of your pensioners for a locked-in premium.

BMO Insurance - Group Retirement Solutions
Considerations: Annuity Buy-Out Annuity Buy-In Longevity Insurance
Reduce Longevity Risk Yes Yes Yes
Reduce Market Risk Yes Yes No
Reduce Benefit Administration Yes No No
Premium Type Single lump sum Single lump sum Monthly Locked-In
Payment to Pensioners Paid by GRS Paid by Plan Sponsor Paid by Plan Sponsor
Convertible No Yes, to Buy-Out No
Accounting settlement Yes No No
Member Portal Yes N/A N/A

Why Choose BMO Insurance?

As a leader in the pension industry and innovator in de-risking solutions, we provide life insurance and annuity expertise to companies seeking ways to limit balance sheet volatility due to their Defined Benefit pension liability.

Backed by the strength of BMO Financial Group and the investment management expertise of BMO Global Asset Management, BMO Insurance offers customized solutions, highly competitive pricing and specialized risk mitigation strategies to support your pension requirements.

Our Capabilities

  • Demonstrates commitment to being one of the top providers of group annuities (13% average annual market share), footnote 1,, footnote 2
  • Processes approximately 24,200 group annuity payments every month, for a total of $21.8M (as of October 31, 2019)
  • Holds double Assuris coverage through two legal entities (BMO Life Assurance Company & BMO Life Insurance Company)
  • Retains strong liquidity and capital ratios: 124.1% LICAT Ratio (October 31, 2019); Rated “A (Excellent)” by A.M. Best Rating Services
  • Offers highly competitive pricing
  • Provides specialized risk mitigation strategies, as well as actuarial, life insurance and annuity expertise

Our People

Our team is comprised of highly talented experts in the pension industry, committed to
guiding plan sponsors through every stage of their de-risking journey.

François Hélou, MBA, CFA

Head, Balance Sheet Solutions

François is responsible for the pension risk management for BMO Insurance and also leads the liability driven investment (LDI) solutions in Canada.

Daniel Giovannone, FSA, FCIA

AVP & Pricing Actuary, GRS

Dan oversees all aspects of the pricing and longevity research within the pension de-risking team.

Diane Liu, FSA, FCIA

Head, Client Relations & Operations, GRS

Diane is responsible for supporting all our clients’ de-risking needs, and ensuring a smooth transaction from start to finish.

Send an email to Quote.GroupAnnuity@bmo.com. A representative will contact you shortly about your inquiry.

News & Insights

Discover valuable resources about pension plan management and the current de-risking environment, helping you make informed decisions about your company’s pension plan.

Liability Driven Investing (Part Two): Discipline and De-Risking
Spring 2019
In Part Two of the series titled “Manage Complexity, Deliver Clarity,” François Hélou, Director, Head of Balance Sheet Solutions Sales, BMO Global Asset Management, and Rohit Thomas, Vice-President & Chief Product Actuary, BMO Life Assurance Company, share their expertise on the risk management discipline they believe a Canadian Defined Benefit (DB) plan should adopt throughout its de-risking journey.

Liability Driven Investing (Part One): Why LDI Matters, Especially Today
Winter 2019
In Part One of a new series titled Manage Complexity, Deliver Clarity, François Hélou, CFA, Director, Head of Balance Sheet Solutions Sales at BMO Global Asset Management, shares his expertise on Liability Driven Investing (LDI). He explains how adopting a risk-management approach to investments both enhances the long-term sustainability of Canadian Defined Benefit pension plans (“DB plans”) and mitigates the impact that declining long-term nominal rates and equity market volatility have on their funding.

Willis Towers Watson announces $350 million annuity buy-out deals for Loblaw Companies Limited
January 31, 2017
BMO Insurance and Sun Life Assurance Company of Canada provided Loblaw with an innovative solution to transfer the risks related to some of their inflation-linked defined benefit pensions.

Canadian pension plan solvency reaches highest level in 15 years
November 6, 2017
A rising interest-rate environment and strong stock returns means that pension assets have been growing, reaching a solvency ratio that’s at its highest since 2002.

Our History

As a member of the BMO Financial Group, BMO Insurance is founded on a legacy that extends back to 1817. This proven history of financial strength lets us stand behind our insurance products by offering flexible coverage options, comprehensive benefits and competitive prices. A.M. Best Rating Services gives us a Financial Strength Insurer Rating of “A(Excellent)” and Long-Term Issuer Credit Rating of “A”, recognizing our excellent ability to meet our obligations.

We have earned our customers' trust through the integrity of our actions: We take pride in what we do, remain committed to continuous innovation, embrace diversity and strive to improve our performance.

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Request Information for Your Business

Learn more about our customized solutions that can help you limit your pension risk and offer security for your employees.

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Footnote 1 details Source: Life Insurance Marketing Research Association, 2017 to 2019 Canadian Pension Market Survey data

Footnote 2 details Average annual market share in the last 3 years, ending 2019.