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The Retirement Account

The Retirement Account is a pension and retirement solution designed specifically for its flexibility to adapt to a client’s evolving needs, whatever stage of life they’re at. It’s unique in enabling a true blend of guaranteed income and drawdown coupled with an extensive investment proposition within one Personal Pension Wrapper.

This solution is simple, low cost and allows clients to consolidate funds, make regular contributions, accumulate pension savings and seamlessly move into drawdown or access guaranteed income when the time is right.

It’s suitable whether clients are still working, close or at retirement. All backed by the financial strength, 5 star service and technical expertise of Canada Life.

With The Retirement Account you can:

  • mix and match investment solutions at no extra charge and easily integrate guaranteed income
  • reinvest guaranteed income within a tax-advantaged wrapper
  • choose different investment strategies for accumulation and decumulation

And all within the same low-cost, flexible wrapper.

The Retirement Account overview

The Retirement account applies a simple tiered charging structure across all investments, and flexible adviser fees including initial, ongoing and ad-hoc options. The cash account allows you to manage any adviser charge or fees agreed with your clients. Ongoing adviser fees can now be charged as a fixed monetary amount or as a percentage of the advised funds.

Pension consolidation
Consolidation allows clients to house their pensions conveniently under one roof, save on costs, and ensure their investments remain appropriate to their personal circumstances. Find out why The Retirement Account can be an ideal pension consolidation vehicle for your clients.

Pension savings and drawdown
The Retirement Account allows clients to accumulate funds whilst still working and decumulate their savings with flexibility. There’s a choice of multi-asset funds which invest in a mix of shares, bonds, cash, property and other financial investments providing exposure across the main asset classes.

Guaranteed income
When clients move into retirement, the 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.

Funds overview
With our investment solutions there is no minimum investment in each fund range and there is no additional cost for moving between them or accessing investments from one or more of the ranges at the same time.

The Core range
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. Suitable across the accumulation and decumulation phases of retirement with choices to help your clients whether they’re looking for income, growth or a combination of the two.

The Governed range
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 specialists Square Mile Investment Consulting and Research.

The Extended range
The Extended Range has been created to offer choice and exposure across all investment sectors and markets through direct access to collective investments. Select from a platform-style fund range where you can build investment strategies that align to your own model portfolios or centralised investment propositions. Includes extensive exposure to investment sectors and markets through direct investment in OEICS and Unit Trusts.

Protected funds
Stock markets can be volatile which can be damaging for those seeking to take income during their retirement, especially when negative performance happens during the early years. The Retirement Account offers protected funds that are designed to cushion against major falls enabling investors to be more confident in managing retirement income.

Fund Research Centre
All Retirement Account fund information is now available on the fund centre (built in conjunction with Morningstar). You can:

  • Access fund factsheets and daily unit prices
  • Search and segment using a range of factors such as fund sector, asset class and cost
  • Evaluate past performance
  • Compare up to five investments using a variety of user-defined factors
  • Use the Morningstar X-ray tool to provide information on a multi-investment portfolio and assess how asset allocation is diversified by region, sector and style.

The Retirement Account quote system helps you generate quotes quickly and easily for clients. 

  • Create, store and easily find quotes and illustrations
  • Track the status of select complete and incomplete quotes, applications in progress and active accounts online
  • Create multiple quotes to illustrate different scenarios to your clients without re-inputting their data
  • Recall previous quotes and obtain updated rates
  • Facility to make pension contributions
  • Periodically crystallise pension funds
  • Ongoing adviser fees charged as a fixed monetary amount
  • The option to auto-rebalance 

 

Existing users

If you've registered for the Dashboard in the past, you'll need to re-register, as we’ve developed a new online system to support the enhancements we’ve made. 

Click on Request Access to re-register.

We apologise for this inconvenience, but believe the greatly increased flexibility justifies the small amount of time it will take you.

Quotes completed via the previous version of the Dashboard will not appear on the new Dashboard, although they will still be accessible by our Customer Service and Sales teams until their expiry date.

Existing user login
Request access

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Contact us - The Retirement Account

Sales:
0800 912 9945
sales.ra@canada-life.co.uk

New business queries and policy servicing:
0800 032 7689
ifaservice.ra@canadalife.co.uk
Fax: 0845 601 6070

Phone lines open: 
8am - 6pm, Mon to Fri

Applications and correspondence:
Canada Life Limited, Customer Services, PO Box 4993, Worthing, BN99 4AE.

"I just want a regular income, the ability to withdraw small cash amounts and leave a legacy for my loved ones"
Jeremy

Contact us to find out more

United Kingdom
0345 606 0708

International
01624 820200

United Kingdom
customer.services@canadalife.co.uk

International (Isle of Man)
focus@canadalifeint.com

International (Dublin)
distributionsupport@canadalifeint.ie

This website is for UK professional advisers only and is not approved for use by private customers.

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.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.