Pension Investment Plan

Canada Life is closing the PIP and FDP to new business with effect from 30th October 2019. This means that we ceased new business quotes for these products with effect from 1st October 2019. Individuals who are looking for a pension savings or a drawdown contract may purchase a Canada Life Retirement Account through their Professional Financial adviser.

A straight forward solution if you want your pension savings in one place

Whether you want to consolidate existing pension plans, contribute and build up benefits or have the flexibility to take lump sums up to the entire value of the plan from age 55, with the CanRetire Pension Investment Plan (PIP) you have the flexibility to do all three.

A professional adviser can assist you in choosing the most suitable options and investment strategy.

  • You and/or your employer can make single contributions
  • Invest your pension savings in a tax-efficient manner
  • Consolidate all your existing pension pots under the one plan
  • Pass benefits onto a beneficiary free of inheritance tax
  • Funds from a wide choice of leading investment managers
  • From age 55 onwards, access part or all of pension fund as a lump sum

The value of the plan can go down as well as up and you may not get back the full amount you invested. You should speak to a professional adviser to ensure that the PIP is suitable for you.

The PIP lets you consolidate pension savings, build benefits and from age 55 withdraw lump sums.

The PIP may be suitable if you are aged 18 or over, with at least £5,000 to invest and are looking to build retirement benefits or consolidate your existing pension savings into one product. 

Umbraco File Structure

Interested In More? Why Not Look At...

Wealth Preservation Account

Combining retirement and estate planning


Offshore Savings Account

Helping you supplement your pension income


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.