In accordance with standard 15 of the Financial Stability Board’s (FSB) Principles for Compensation Practices and their Implementation Standards, and the Basel Committee on Banking Supervision’s Pillar 3 disclosure requirements for remuneration, the tables below summarize aggregate quantitative information on compensation paid or awarded to 15 Senior Officers and 37 other employees who could have a material impact on Canada Life’s risk exposure (“Material Risk Takers.”)
Compensation amounts reflect services rendered to The Canada Life Assurance Company ("Canada Life") and its respective subsidiaries.
| ($ millions) | Senior Officers (Unrestricted) | Senior Officers (Deferred) | Material Risk Takers (Unrestricted) | Material Risk Takers (Deferred) |
|---|---|---|---|---|
| Salary (Fixed compensation) | 9.6 | Not applicable | 15.3 | Not applicable |
| Other (Fixed compensation) |
1.5 |
Not applicable |
1.1 |
Not applicable |
| Cash-based (Variable compensation) |
11.5 |
Not applicable |
10.8 |
2.3 |
| Share units (Variable compensation) | Not applicable |
23.5 |
Not applicable |
13.1 |
|
Stock options |
Not applicable |
10.5 |
Not applicable |
2.3 |
| ($ millions) | Senior Officers (Unvested) | Senior Officers (Vested) | Material Risk Takers (Unvested) | Material Risk Takers (Vested) |
|---|---|---|---|---|
|
Cash-based |
Not applicable | Not applicable | Not applicable |
2.3 |
|
Share units |
71.0 |
17.5 |
44.0 |
5.7 |
|
Stock options |
110.5 |
86.9 |
21.2 |
14.1 |
|
Calendar year payouts |
Not applicable |
29.6 |
Not applicable |
15.1 |