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Canada Life increases group life multiples

Canada Life has unveiled its plans to increase its group life product to offer eight times salary multiples.

The enhancement means the product, which forms part of the insurers business portal Class, is now available in 0.5 increments, as well as fixed lump sum benefits of £50,000 and £100,000.

Previously the product, which is positioning itself as an alternative option to death in service pension, had a maximum of four times salary multiples available and offered no fixed lump sum benefits.

Canada Life Class business development manager Daniel Stewart says: “These changes have been made as a direct result of intermediary feedback. Extended multiples of salary and flat lump sum benefits allow us to offer a much more competitive online offering for small scheme business and so we hope this in turn helps to provide intermediaries with products that suit their needs and the needs of their clients.”


Putting off the writs

Ah – the notoriously tricky second column. So I suppose now would be as good a time as any to dwell on the situation at New Star, where plans are, of course, afoot to address the company’s not insubstantial debt burden.

Equitable Leg Before Wicket

After a long, long wait Equitable Life victims had been given the impression that they would finally get their answer to whether the Government will bow to the Parliamentary Ombudsman’s pressure and offer them compensation before Christmas.

Homes are on the line

The debate about fees v commission is like a persistent and irritating weed that never quite dies off.

Rayner Spencer Mills: Why we rate the Artemis US Select Fund

Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]


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