Canada Life looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures.
There can be no greater priority than the commitment and responsibility towards all our customers. At Canada Life we adhere to the same principles as when we were formed in 1847: integrity, consistency and experience.
Our heritage is important to us. Our parent company, Great-West Lifeco, is a financially strong, stable, modern global organisation. The oldest Canadian life assurance company, Great-West Lifeco traces its foundation back to 1847 - that is more than 170 years of helping customers plan for the future.
Since 1903 we have operated in the United Kingdom where we have hundreds of respected and supported staff all geared to doing the right thing for customers.
In January 2018 we acquired Retirement Advantage, a company that helps those who are in, at or approaching retirement with a range of simple, secure and flexible products to suit their needs. We share a focus on providing outstanding customer service and, with a history stretching back more than 160 years, like us they are committed to the market long term. Together, we are well positioned to build on our combined skills and experience to deliver compelling solutions for retirees.
The Retirement Account is an end-to-end pension solution. It includes everything you need to seamlessly guide clients from accumulation and consolidation to decumulation, whether that’s via drawdown, guaranteed income or both, as well as tax-efficient ways to manage their legacy.
With no restrictions on your ability to adapt, now or in the future, you’ll always have the freedom to adjust for evolving client or economic circumstances. Pre-retirement, clients can use The Retirement Account to consolidate pensions, including defined benefit and defined contribution schemes, and invest their uncrystallised savings.
When they move into retirement, The Retirement Account allows them to combine a cash account with both drawdown and guaranteed income options. That means you can cater to those looking for both certainty and flexibility in income, while still delivering tax-efficiency and the potential for growth.
Who is The Retirement Account for?
Above all, The Retirement Account is designed for flexibility. That makes it suitable for a broad range of clients, wherever they are in their retirement journey and however complex – or simple – their needs.
Clients who may be especially suited to benefit from The Retirement Account include:
- Those looking for a tax-efficient place to consolidate their pensions.
- Those seeking reassurance that their retirement plan can flex to meet changes in circumstance: illness, long-term care or income which varies over time, for example.
- Those who have transferred from a defined benefit scheme, but still want a guaranteed income.
The Retirement Account offers access to three distinct fund ranges, all with specific objectives and potential uses.
The Core Range draws on the expertise of Canada Life Investments to offer a simple, low-cost set of insured multi-asset funds utilising both passive and active management styles that can align to a variety of risk profiles.
The Governed Range is made up of a broad selection of well-researched single & multi–asset insured funds from established asset managers ranging from specialist boutiques to leading global investment houses, all selected and governed in conjunction with external Investment Consultants Square Mile.
The Extended Range has been created to offer choice and exposure across all investment sectors and markets through direct access to collective investments.
If you’d like to know more about The Retirement Account or make an appointment with your local Business Development Manager please contact our sales team who will more than happy to help.
Find out more about The Retirement Account.
To contact our sales team:
Phone: 0800 032 7689
Email: [email protected]
Our lifetime mortgage products can be secured on your customer's main residence or second home, and offer flexibility and certainty. Our later life Buy-to-Let mortgages allow your landlord customers to release equity from their Buy-to-Let property while keeping their portfolio intact.
Find out more
Phone: 0800 068 0212
Email: [email protected]
If you’d like to find out more visit our website dedicated to the needs of advisers. Here you’ll find the following resources:
- Take a look around our document library to find the documents you need
- Canada Life has a host of helpful financial tools such as calculators and planners for advisers.
- Go to our newsroom for the latest technical and topical articles.
Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.
Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland and is a Category A Insurance Permit holder with the Jersey Financial Services Commission.
Stonehaven UK Limited and Canada Life Platform Limited, trading as Canada Life, are part of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. Canada Life Platform Limited is authorised and regulated by the Financial Conduct Authority,