Canada Life is now open for RDR business

Canada Life is delighted to announce that it is now providing illustrations and accepting new business on an RDR basis across its core range of retirement income and onshore and offshore investment solutions.

Recognising that advisers and their clients are looking for a tailor made solution, Canada Life is offering a very flexible suite of adviser charging options and will facilitate initial, ongoing and ad hoc charges in both percentage and monetary terms.

The company has also amended its product designs where necessary to meet RDR requirements, but will continue to offer its existing products and commission options until the end of the year.

Peter Towers, Managing Director, Wealth Management, Canada Life said:

“Canada Life can now provide advisers with access to both onshore and offshore RDR compliant products with a variety of adviser charging options to suit each individual intermediary business and their clients. We believe we have one of the most flexible offerings on the market which has been developed following extensive research and discussion with advisers.

“As well as providing first class products, we remain fully committed to delivering high quality support to advisers through our respected Technical Services Team, our ‘ican’ initiative and our award winning levels of customer service.”

Richard Priestley, Executive Director, Retirement Income at Canada Life said:

“This year we have had the twin challenges of RDR and Gender Equalisation legislation and we are delighted to be able now to provide quotations on all of our annuity products that are RDR compliant well ahead of the deadline.  Our gender neutral pricing will be introduced on quotes from 6 December.

“With these changes we are well placed to support a range of distribution models going forward both advised and non advised.”

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