View more on these topics

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


Barclays/Woolwich to keep £275 exit fee

Barclays and Woolwich will be keeping its existing £275 exit fee charge.A spokesman says that it will honour customers’ original contract but that it sees its final repayment charge as a core part of its mortgage product.He adds: “We will be monitoring the market and watching lenders’ pricing strategy going forward.”Lenders had until today to […]

The links effect

After returning to Carnoustie in Scotland for the The Open golf championships recently, I have no doubt that many people were tired of the re-running of the fateful 18th hole of the final round as played by Jean van der Velde the last time championship was held at the course in 1999.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm