Canada Life has announced enhanced parental and family friendly policies for staff within the UK and Isle of Man, reinforcing its commitment to supporting its people during key moments throughout their lives.
From 1 January 2025, Canada Life colleagues will be eligible for 26 weeks of paid maternity leave or 16 weeks of paid paternity leave, including adoptive parents and the parents of children born through surrogacy. In addition, colleagues undergoing fertility treatment and their partners will be offered the opportunity to take an additional ten days of paid leave a year.
Canada Life is also introducing additional support for colleagues who have recently experienced pregnancy loss, offering paid time off to both parents during this difficult time.
The enhanced parental and family friendly policies will be available to Canada Life colleagues from their first day in role.
Lindsey Rix-Broom, Chief Executive, Canada Life UK, comments:
“We care deeply about supporting our colleagues, not just at work but during the milestones and challenges they encounter throughout their lives. These enhancements reinforce our efforts to build a workplace that focuses on the needs of our people, and align with our wider ambition to ensure our colleagues flourish at Canada Life whilst balancing work and family life.
“Each individual will have a unique experience and journey, and we know that the interactions you have at work can be pivotal. We engaged closely with colleagues as part of this process to understand how Canada Life can support them, and these policies reflect our focus on prioritising the wellbeing of our people during the times when they need it most.”
-ENDS-
Enquiries:
Press enquiries should be directed to:
Elle McAtamney, Canada Life, 07913 568213, elle.mcatamney@canadalife.co.uk
About Canada Life:
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Through its subsidiary companies, Great-West Lifeco operates in Canada, the United States, and Europe. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies.
Canada Life Limited began operations in the United Kingdom (UK) in 1903 and provides UK individuals and businesses with a range of retirement, investment, insurance and wealth solutions. Canada Life offers individual annuities, pension de-risking solutions, home finance, estate planning and investment options, and workplace protection products.
Canada Life Limited (no.973271) is registered in England and Wales, authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Stonehaven UK Limited (no.05487702), trading as Canada Life, is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. Canada Life International Limited (no.033178C) and CLI Institutional Limited (no.108017C) are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority. Canada Life International Assurance (Ireland) DAC (no. 440141) and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.
Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited (no.3846821), Canada Life Limited and Canada Life European Real Estate Limited (no.03846823). Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority.
Please note that while Canada Life Limited and Canada Life Asset Management Limited are regulated as stated above, property management and the provision of commercial mortgages are not regulated activities.
www.canadalifeassetmanagement.co.uk
- Canada Life MI & Swiss Re, 2022