The Retirement Account Funds

The Retirement Account is a unique retirement solution provided by Canada Life. It’s designed to include everything you need for life, whether you’re several years from retirement, about to embark on retirement or have already retired.

Everyone is different, and in retirement each of us has different needs. The Retirement Account gives you and your adviser the freedom to choose from a wide range of investment choices, so you can select an investment strategy that’s right for you.

When you choose a fund, your money may be invested in shares, bonds, property or other financial investments. Each fund offers a different balance of potential risk and reward, based on the type of assets it holds.

All funds are available in both Pension Drawdown and Pension Savings, but you’re free to invest in different funds in each element if you wish.

View the daily unit prices for The Retirement Account funds  

The Retirement Account Fund ranges

Choosing the funds that are right for you is an important process that should take into consideration your current situation, your goals and how you feel about risk. You and your financial adviser will talk this through and select the funds that suit you as an investor.

Active funds are managed by a specialist investment manager, or team of specialists who have a certain freedom over the investment choices they make. The skills of the manager and their team can make all the difference as they strive to pick the best opportunities. 

Fund name Type  OCF*
Canlife Artemis European Opportunities Governed 0.87%
Canlife Artemis Global Income  Governed 0.80%
Canlife Artemis Strategic Bond Quarterly  Governed  0.57% 
Canlife Artemis US Select  Governed  0.84% 
Canlife AXA Distribution Governed  0.86% 
Canlife AXA Framlington Managed Balanced Governed  0.80%
Canlife AXA Framlington UK Mid Cap Governed  0.84% 
Canlife AXA Sterling Credit Short Duration Bond  Governed  0.41%
Canlife Fidelity Asia Fund Governed  0.94% 
Canlife Fidelity Emerging Markets Governed  0.94% 
Canlife Fidelity Special Situations Governed  0.92% 
Canlife First State Asia Focus Governed  1.04% 
Canlife First State Global Listed Infrastructure Governed  0.80% 
Canlife First State Greater China Growth Governed  1.08% 
Canlife Insight Liquidity  Other 0.10%
Canlife Invesco Asian Governed  0.95% 
Canlife Invesco Corporate Bond Governed  0.66%
Canlife Invesco Distribution Governed  0.92% 
Canlife Invesco Global Financial Capital Governed  0.77% 
Canlife Invesco Tactical Bond Governed  0.75% 
Canlife Investec Multi-Asset Protector  Other 1.03%
Canlife Investec UK Alpha Governed  0.83% 
Canlife Janus Henderson Cautious Managed  Other 0.82%
Canlife Janus Henderson Global Equity Income Governed  0.95% 
Canlife Jupiter Absolute Return Governed  0.84% 
Canlife Jupiter Asian income Governed  0.98% 
Canlife Jupiter European Governed  1.03% 
Canlife Jupiter Merlin Balanced Portfolio Governed  1.72% 
Canlife Jupiter Merlin Growth Portfolio Governed  1.84% 
Canlife Jupiter UK Special Situations Governed  0.76% 
Canlife Liontrust European Growth Governed  0.93%
Canlife Liontrust Special Situations Governed  0.87% 
Canlife Liontrust UK Smaller Companies Governed  1.40% 
Canlife Managed (0%-35% Shares)  Core 0.31%
Canlife Managed (40%-85% Shares)  Core 0.40%
Canlife Merian North American Equity Governed  0.95% 
Canlife Merian UK Mid Cap Governed  0.85% 
Canlife Merian UK Smaller Companies Governed   1.03% 
Canlife Portfolio 3  Core 0.36%
Canlife Portfolio 4  Core 0.43%
Canlife Portfolio 5  Core 0.51%
Canlife Portfolio 6  Core 0.57%
Canlife Portfolio 7   Core 0.61%
Canlife Premier Multi-Asset Growth & Income Governed   1.56% 
Canlife SLI Global Smaller Companies Governed   1.05% 
Canlife SLI MyFolio Managed I Governed   0.74% 
Canlife SLI MyFolio Managed II Governed   0.79% 
Canlife SLI MyFolio Managed III Governed   0.83% 
Canlife SLI MyFolio Managed IV Governed   0.87% 
Canlife SLI MyFolio Managed V Governed   0.87%
Canlife Sterling Liquidity  Core 0.12%
Canlife Threadneedle Dynamic Real Return Governed   1.04% 
Canlife Threadneedle High Yield Bond Governed   0.73% 
Canlife Threadneedle Managed Equity Governed   1.15% 
Canlife Threadneedle UK Governed   0.83% 
Canlife Threadneedle UK Equity income Governed   0.83%
Canlife UK Property  Core 0.38%
Canlife Unicorn UK income Governed   0.80% 

*OCF (Ongoing Charges Figure). The OCF is the overall total of the charge made by the fund manager for running the fund and all expenses and fees deducted from the fund. The OCF is reflected in the unit price of the fund.

Unlike Active funds, passive funds aim to track the performance of a selected investment market, for example the FTSE100. The investment process is largely automated so the funds are likely to be cheaper than active funds.

Fund name Type OCF*
Canlife Adventurous Index Portfolio Other 0.25%
Canlife Index Managed (0%-35% Shares) Core 0.25%
Canlife Index Managed (20%-60% Shares) Core 0.25%
Canlife Index Managed (40%-85% Shares) Core 0.25%
Canlife Index Managed (80% Protected) Core 0.86%
Canlife Index Portfolio 3 Core 0.16%
Canlife Index Portfolio 4 Core 0.16%
Canlife Index Portfolio 5 Core 0.16%
Canlife Index Portfolio 6 Core 0.16%
Canlife Index Portfolio 7 Core 0.16%
Canlife SLI MyFolio Market I Governed 0.29%
Canlife SLI MyFolio Market II Governed 0.30%
Canlife SLI MyFolio Market III Governed 0.32%
Canlife SLI MyFolio Market IV Governed 0.33%
Canlife SLI MyFolio Market V Governed 0.26%
Canlife Vanguard Developed World ex UK Governed 0.09%
Canlife Vanguard FTSE 100 Governed 0.09%
Canlife Vanguard FTSE Developed Europe (ex-UK) Index Governed 0.09%
Canlife Vanguard FTSE UK All Share Index Governed 0.20%
Canlife Vanguard FTSE UK Equity Income Governed 0.20%
Canlife Vanguard Global Bond Index Governed 0.09%
Canlife Vanguard UK Government Bond Index Governed 0.09%
Canlife Vanguard UK Inflation-Linked Gilt Index Governed 0.09%
Canlife Vanguard UK Investment Grade Bond Index Governed 0.09%
Canlife Vanguard UK Short Term Investment Grade Bond Index Governed 0.09%
Canlife Vanguard US Equity Index Governed 0.09%

*OCF (Ongoing Charges Figure). The OCF is the overall total of the charge made by the fund manager for running the fund and all expenses and fees deducted from the fund. The OCF is reflected in the unit price of the fund.

Protected funds offer growth potential, meaning your money can go up when the stock market does, but they also provide you with some protection, limiting your losses if it goes down. There is a cost for the protection, so in a rising market protected funds may not perform as well as unprotected funds.

Fund name Type OCF*
Canlife Index Managed (80% Protected) Protected 0.86%

*OCF (Ongoing Charges Figure). The OCF is the overall total of the charge made by the fund manager for running the fund and all expenses and fees deducted from the fund. The OCF is reflected in the unit price of the fund.

  Investment fund summary Protected Index Portfolio Customer Brochure
Retirement Account customer brochure Investment fund summary Index Managed (80% Protected) Fund - customer brochure
Download  Download   Download

 

Please note that commercial property may not be readily saleable so requests to withdraw money can sometimes be subject to delays of up to 6 months.

The Canlife Index Managed (80% Protected) Fund makes use of a derivative which is a more complex investment. It is important that investors understand the additional risk in adverse market conditions.

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. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. 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. In respect of the Guaranteed Annuity, inflation may reduce how much your income is worth over the years.

 

 

Useful links: 

The Retirement Account

Related Documents


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.