Laurentian Bank head offices are seen in Montreal, Friday, Aug. 30, 2024. THE CANADIAN PRESS/Christinne Muschi

Laurentian Bank buying group annuity contracts to derisk pension plans

by The Canadian Press January 9, 2026

written by The Canadian Press January 9, 2026

Laurentian Bank of Canada is buying group annuity contracts to cover the responsibility for pension benefits owed to about 400 retirees, beneficiaries and deferred pension members. The bank says the deal with a Canadian insurer transfers about $60 million in obligations and related assets in connect...

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Laurentian Bank

The Canadian Press

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Laurentian Bank buying group annuity contracts to derisk pension plans

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