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Based in the Isle of Man and Ireland, world leading international financial centres
With a business like ours, we need to make sure we’re focused, stable and that we meet our customers’ needs. Our first priority at Canada Life has always been reliability informed by experience. We’re proud that our international work is now based in the Isle of Man and Ireland, two of the world’s leading international financial centres.
We’ve put a lot of effort into making sure our products are right for our customers and we’ve received industry recognised ratings from major rating agencies. Read more about our locations and ratings below.
Canada Life is confident in our lasting commitment to the Isle of Man. Now one of the world’s leading international financial centres it is renowned for quality financial services and built on unrivalled accessibility and ease of communications. The Isle of Man has a reputation centred around stable government, strong regulatory controls and policyholder protection.
Standard and Poor’s rating service said the Island’s long term sovereign credit and senior unsecured debt ratings is AA+ combined with its A-1+ short term sovereign credit rating. Actuarial consultancy firm, AKG, has awarded Canada Life International with a 5 stars rating for the sixteenth year.
Canada Life International Assurance (Ireland) CLIAI is based in Dublin and is recognised as one of the world’s leading financial centres. It boasts a strong commitment to international financial standards and policyholder protection. Our aim is to provide sophisticated solutions. One of the key benefits for investors of Ireland is our competitive VAT rates. We also do not pay any capital gains tax or income tax in Ireland on investments held on behalf of policyholders. We’re proud that CLIAI is given five stars by Actuarial consultancy firm, AKG. You can find more information about CLIAI in our Solvency and Financial Condition Report.
The UK and the EU negotiated and approved a withdrawal agreement and the UK left the EU at 11pm on 31 January 2020. There is now a transition period which will last until 31 December 2020 during which all EU rules and regulations will continue to apply to the UK.
We continue to monitor the situation closely, ensuring that our international business can continue to offer the choice of Isle of Man and Ireland jurisdictions to advisers and clients, and be able to service our customers as we do now.
Our Brexit Q&A is based on our current understanding of the situation. If you have any other questions you should speak to your adviser as they will have the best understanding of your personal financial situation.