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Canada Life removes fair value adjustment on property funds

Canada Life has today taken the decision with immediate effect to remove the fair value adjustment on its commercial property funds.


This follows the latest review of portfolio property valuations and current market conditions and reflects our view that the property market’s behaviour is returning to a more stable pattern following the UK’s decision to leave the European Union.


Consequently we believe an adjustment is no longer necessary to ensure fair treatment of investors considering investing in, or withdrawing from, the funds.


Canada Life lifted the suspension of redemptions on the Canlife UK Property life and pension funds with effect from 1 September 2016. The decision to suspend its funds was taken on 6 July 2016 following market instability after the referendum on June 24.
We will continue to monitor market conditions and their impact on fund values to ensure that investors are always treated fairly.

David Marchant, Chief Investment Officer of Canada Life Limited said:

“As transactional evidence of market values has emerged post the EU Referendum decision, valuers have removed their caveats on valuations. I am pleased that in light of this we are able to return to our normal pricing practices and therefore remove our fair value adjustments from all our funds”.


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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 and regulated by the Financial Conduct Authority.