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Canada Life – Annuity Growth Account

Canada Life

Annuity Growth Account

Type: Investment-linked five-year annuity

Minimum investment: £35,000

Minimum age: 50

Income frequency: Choice of monthly, quarterly, half-annually or annually.
Investment choice: Up to 10 funds from a range of 19 Canada Life funds and 60 externally managed funds from 16 fund management groups

Allocation rates: 97-101% depending on level of IFA commission taken

Charges: Annual 1% plus fund charges of 0.15-2.55% a year depending on funds chosen

Options: Choice of another five-year annuity or lifetime annuity including transfer to another provider, at the end of the term

Fund switches: Up to 12 free fund switches a year

Commission: Initial up to 4%, renewal up to 1%

Tel: 08457 226232

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