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Canada Life reveals RDR adviser charging approach

canada life

Canada Life has announced details of its approach to adviser charging post-RDR.

The provider will facilitate initial, ongoing and single ad-hoc adviser charge deductions across its onshore and offshore product range.

Canada Life will also be able to add an adviser charge to policies set-up pre-RDR and facilitate adviser charges on top-ups to existing policies. In addition, advisers will have the option to set a minimum and maximum ongoing adviser charge as a monetary amount.

The provider also plans to publish a list of its post-RDR products, details of the adviser charge options available for each product and a client-facing aid explaining the RDR and how it will affect clients.

Canada Life managing director of wealth management Peter Towers says: “We have worked with advisers and taken on their feedback to provide what we believe is one of the most flexible offerings in the market.

“Our suite of post RDR products will provide a broad range of flexible adviser charging options. We are fully committed to supporting advisers and their clients post RDR.”

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