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The Retirement Account - 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 two protected funds that are designed so that their unit price never falls below 80%* of the highest unit price the funds have ever achieved:

  • Protected Index Portfolio (PIP)
  • Investec Multi-Asset Protector (MAP)

This cushioning against major falls in the value of their money enables investors to be more confident in managing retirement income.

Protected Index Portfolio (PIP)

Exclusively available to The Retirement Account, the Protected Index Portfolio fund has 3 important features:

  1. The unit price can never fall below 80% of the highest unit price the fund has ever achieved.
  2. It has a built-in volatility control mechanism to smooth returns across retirement.
  3. It does not suffer from ‘cash-lock’ like most protected funds

Combining these three components means that PIP can play a valuable role in a drawdown portfolio and is an ideal source of income to fund important expenses.

Protected Index Portfolio Brochure

Daily Fund Report

About Protected Index Portfolio

How Protected Index Portfolio Works

Protected Index Portfolio - About the Protection

Investec Multi-Asset Protector (MAP)

This fund is different. It aims to provide attractive long-term returns, with the added benefit of downside protection at 80% of its highest price to date.

How it works:

  1. Downside protection - By managing the asset allocation between cash and assets which offer growth potential, the fund aims to provide protection at 80% of the fund’s highest ever share price*.
  2. Actively-managed multi-asset investment - Providing greater diversification and the potential for a better risk/return profile than investing in a single asset class.
  3. Dynamic asset allocation - Using a pre-defined model the fund seeks to preserve investors’ capital by allocating to cash when markets are falling.
  4. Impact on fund growth when cash content is high - The dynamic nature of the downside protection means that the fund may lag the market in times of rapid market recovery, because the fund may be largely invested in cash for extended periods of time.

Daily Investec Multi-Asset Protector Fund report

Investec Multi-Asset Protector Fund sales aid

* The protection is not guaranteed. The protection is provided by Morgan Stanley (PIP) and Deutsche Bank (MAP). If either of these companies become insolvent the protection could fail. 

Past performance is not a reliable indicator of future results. 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. 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. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. 


Useful links

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

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.