The Retirement Account - Funds

The Retirement Account offers a diverse range of funds conveniently graded by risk, so you can build a portfolio to suit most retirees with ease. The range includes active, passive and protected options, including a set of risk-targeted funds which consistently track your chosen Dynamic Planner (DT) rating.

Funds are selected for their ability to meet agreed investment objectives, value for money, investment performance and to help protect retirees from the risks associated with investing while drawing an income in retirement. A strict governance process exists which means advisers can be confident in the quality and ongoing management of the funds.

Fund performance, types and manager information


Funds Managed by Canada Life Investments

Pre-launch funds have a ‘fit for purpose test’ to ensure they meet all the investment, operational, governance and compliance standards that Canada Life Investments' set. On an ongoing basis funds are monitored to ensure they continue to be managed in line with reasonable policyholder expectations.

All Other Retirement Account Funds

All other funds follow a strict governance process with on-going monitoring taking place between MGM Advantage Life Limited (trading as Canada Life) and Square Mile Investing and Research Consultancy. The performance of the funds is reviewed monthly with an in-depth analysis of each fund taking place each quarter. Should a fund become a cause for concern and remain so it may result in a recommendation to remove the fund from the range.

Fund Range and Investment Brochure

Square Mile Committee Report

Square Mile Macroeconomic Review

Investment Oversight Committee Minutes


Useful links

The Retirement Account
The Retirement Account Dashboard
The Retirement Account Protected Funds
Related Documents 


*Protected Index Portfolio – This fund makes use of a derivative which is a more complex investment. It is important that investors understand the additional risk in adverse market conditions.

**The Canlife TRA Portfolios and TRA Managed funds invest into Canada Life Investments’ OEICS named LF Canlife Portfolio III, IV, V, VI, VII, LF; Canlife Managed 0%-35% and LF Canife Balanced. The TRA versions of these funds were only launched in May 2018 so have minimal past performance information available. Above are links to to the underlying OEICS for reference. Please note that these fund fact sheets are for reference only and the asset allocation, charges and performance of the TRA fund may differ.

The value of investments may go down as well as up. Taking income or withdrawals in excess of fund growth may result in the fund running out quicker than expected. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. Inflation will reduce how much the Fund is worth in real terms and inflation will reduce how much your income is worth over the years. It is essential to seek advice from a suitably qualified adviser. In respect of the Guaranteed Annuity, inflation may reduce how much your income is worth over the years.

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.