The UK arm of Canada Life, a retirement, investment and protection provider that opened its first London office in 1903.
Canada Life UK provides retirement, investment and protection products. These include lifetime annuities, fixed term income plans, pension plans, investment bonds, lifetime mortgages and workplace protection such as group life, income protection and critical illness cover. It works with financial advisers to reach customers. An annuity turns a pension pot into a regular income, and a lifetime mortgage lets older homeowners release money from their home. Canada Life UK's range covers these retirement needs as well as estate planning trusts, and it also offers workplace protection such as group life and income protection for employers.
Its stated purpose is "helping people to make more of life". The company says it supports customers' financial security, preserves value over the long term and acts as a responsible steward of investments (it is a UK Stewardship Code signatory). It also says it supports communities and speaks up for customers with government and industry. Its UK work is described as supporting customers' financial security, with a focus on long-term value and responsible stewardship. Being a UK Stewardship Code signatory means it reports on how it looks after the investments it manages. The company also says it speaks up for customers with government and industry on issues that affect them.
The Canada Life story began in Canada, where Hugh C Baker founded the first life assurance company after travelling to New York in 1847 to buy life insurance and becoming its first customer. It opened its first London office in 1903, so it has operated in the UK for over a century. Companies House shows The Canada Life Group (U.K.) Limited was incorporated in 1988 with a registered office at 22 Bishopsgate, London.
Canada Life UK says it supports 3.3 million customers, pays annuity income to about 424,000 people and has £39bn in combined assets under management. Its global parent, Great-West Lifeco, has over 40 million customers. Job listings for actuarial trainees and pricing analysts show the types of specialist roles it hires.
We did not find an official UK employee count, a list of UK sites beyond London, or named people on the pages we read. Check the Canada Life UK site for leadership, offices and current vacancies. The Canada Life group has grown through several UK businesses; Companies House lists related companies including Canada Life (U.K.) Limited, Canada Life Management (U.K.) Limited and Canada Life Services (U.K.) Limited, which shows that the UK business has separate legal parts for insurance, management and services. Job listings on a professional-careers site for an actuarial trainee and a senior actuarial trainee within the individual annuity pricing team give an idea of the technical roles that sit behind the products.
Website: www.canadalife.co.uk
PURPOSE helps school and university students explore 62 sectors and over 1,000 entry-level careers in the UK, then connects them directly with employers.
Explore PURPOSE