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 18 Senior Officers and 36 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 and its respective subsidiaries.
2024 Compensation awards
($ millions) |
Senior Officers |
Senior Officers |
Material Risk Takers |
Material Risk Takers |
---|---|---|---|---|
Salary |
9.6 | Not applicable | 17.1 | Not applicable |
Other |
2.3 | Not applicable | 3.1 | Not applicable |
Cash-based
(Variable compensation) |
9.7 | Not applicable | 13.8 | 2.1 |
Share units
(Variable compensation) |
Not applicable | 13.5 | Not applicable | 12.1 |
Stock options (Variable compensation) |
Not applicable | 7.0 | Not applicable | 3.1 |
Deferred compensation
($ millions) |
Senior Officers |
Senior Officers |
Material Risk Takers |
Material Risk Takers |
---|---|---|---|---|
Cash-based |
Not applicable | Not applicable | Not applicable | 2.1 |
Share units |
56.4 | 34.6 | 37.4 | 3.2 |
Stock options |
47.7 | 54.6 | 13.9 | 11.6 |
Calendar year payouts |
Not applicable | 24.1 | Not applicable | 15.8 |