Canada Life has 3.4 million customers, 470,000 pension annuities in force, and manage more than £38.3bn of equities, fixed income and property, as well as a comprehensive multi-asset range through its investments division.
Canada Life sells products to individuals and corporate entities located in the UK through financial advisers.
It's parent company, Great-West Lifeco, is a financially strong, stable and modern global organisation. The oldest Canadian life assurance company, Great-West Lifeco’s foundation traces back to 1847 – meaning it's been helping its customers plan for the future for more than 170 years.
Since 1903, it has also been supporting advisers, customers and colleagues in the UK to build better futures together. We’ve built on the incredibly strong foundation of its parent company and its continued focus on customer care, colleague development and transformation is testament to its commitment to being the right partner for the long-term.
The Retirement Account is simple, low-cost and lets you bring all your pension pots together under one simple plan. As you enter retirement, you can choose to take a guaranteed income, pension drawdown or a combination of both.
Equity release lets you unlock the value of your property and take the cash as a lump sum. There are different types of equity release and a range of products available depending on your property and the type of loan you need.
Canada Life's range of lifetime mortgages let you choose how to release cash from your property. They can be used to unlock cash from your main residence or a second home, with flexibility over the amount you can borrow.
With this trust, you can gift money for your chosen beneficiaries and receive optional yearly payments. After seven years, the gift moves out of your estate, which means there’s no inheritance tax to pay on it. Any investment growth is outside of your estate from day one. This can either be our Wealth Preservation Account, with investments based in the Isle of Man, or our Wealth Preservation Europe Account, with investments based in Ireland.
18 November: 14:15-14:35
Lifetime mortgages come of age
For many a forever home is their dream property, but in a changing world, people's needs are evolving. That’s why Canada Life has explored the concept in more detail, discovering how recent events are shaping people’s thinking. Alongside four chapters of research, there are resources and expert insight highlighting the opportunity for advisers.
Retirement is changing. Society is changing. The way people spend their time and money is evolving and it is impacting retirement journeys. That’s why Canada Life have explored the different retirement journeys people follow and have created resources and expert insight that highlight these challenges and the opportunities for advisers.
Read the latest edition of Technical Eye, Canada Life’s adviser magazine which focuses on technical issues around retirement planning, tax and estate planning and investment solutions. The Summer 2020 issue explores the new pension rules, changing appetite to risk and changes to the top-slicing relief.