Irish Life Assurance plc and Canada Life Limited are both part of the Great-West Lifeco group of companies. This is an update on the proposed transfer of certain annuity policies to Irish Life Assurance plc from Canada Life Limited, which is designed to ensure that those policyholders would have continued service after the expiry of the Brexit implementation period on 31 December 2020.
The transferring annuity policies were written on a cross-border basis by Equitable Life Assurance Company through authorised Irish and German branches. These policies were transferred to Canada Life Limited as part of a wider Part VII transfer of insurance business in 2016. A Part VII transfer is the UK legal process to transfer insurance business from one insurance company to another.
In accordance with the terms of the Scheme, the Part VII transfer of these policies became effective at 22.59 GMT on 31 December 2020.
If you have any questions, you can contact us:
By phone: 0345 606 0708 (or from overseas +44 1707 651221)
By email: email@example.com
By letter: Canada Life, Canada Life Place, High Street, Potters Bar. EN6 5BA