The Financial Reporting Council have awarded Canada Life signatory status of the UK Stewardship Code 2020.
Canada Life Limited is delighted to announce that we have been awarded UK Stewardship Code 2020 status for the first time, demonstrating our credentials in ensuring our customers’ assets and the systems upon which we depend are well looked after.
The Financial Reporting Council’s UK Stewardship Code 20201 sets high stewardship standards for those investing money on behalf of UK savers and pensioners, and those that support them. Stewardship is the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.
Our Stewardship Report explains how we consider environmental, social and governance (ESG) factors when investing our customers’ and beneficiaries’ assets and how we hold the companies in which we invest to account.
Read the Canada Life Stewardship Report here:
Canada Life Asset Management has achieved UK Stewardship Code status for the second consecutive year.
Read the Canada Life Asset Management Stewardship Report here:
- See the list of other Financial Reporting Council signatories here
About Canada Life:
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a diversified financial services holding company headquartered in Winnipeg, Canada. Through its subsidiary companies, Lifeco has operations in Canada, the United States, and Europe. Great-West Lifeco and its insurance subsidiaries have received strong ratings from major rating agencies. Great-West Lifeco has over 38 million customers worldwide and £1.532trillion assets under administration (as at 31 December 2022).
Canada Life Limited began operations in the United Kingdom in 1903 and looks after the retirement, investment and protection needs of individuals and companies alike. As well as providing stability and security through its individual contracts, Canada Life Limited has grown to become the leading provider of competitively priced group insurance solutions. Canada Life acquired Retirement Advantage on 3rd January 2018 for an undisclosed sum. The acquisition added over 30,000 retirement income and equity release customers and more than £2 billion of assets under management including a £1.5 billion block of in-force annuities to Canada Life.
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 Limited and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.