Canada Life has improved its Adviser Connect online portal to give advisers enhanced functionality and more choice online.
Advisers with Canada Life International clients will now be able to view and download
- Transaction history for the last 18 months
- Pending trades
- Bulk downloads
- Account holdings and assets
- Information on 5% allowances
- Account summary
- Policies held within an account
- Policy segment information
- Total contributions
- and most recent valuations.
The new functionality, makes it straightforward to report costs and charges and easier to comply with regulations, including the Insurance Distribution Directive (IDD).
Advisers can also download the account information as a CSV file or print and store it, as well as bulk download all their client files simultaneously, making it possible to feed that information into their own back office reporting systems.
The information comes in the wake of recent enhancements to Canada Life International’s Wealth Preservation Accounts. These accounts allow an individual to make gifts into trust with the aim of building up a fund of money outside the individual’s estate which is free from inheritance tax, but at the same time have the option to receive an annual ‘income’.
The maximum number of policies available has been increased to 99,999, improving the flexibility when it comes to modelling income levels and tax liabilities through the annual policy maturity process. There is also a reduced new minimum of £10 per individual policy, down from £2,000.