The point is that there are options out there that represent good value and are designed for clients who don’t have the capacity to risk future returns through inflated charges.
The Canada Life Retirement Account
You will undoubtedly be dealing with anxious clients over the coming months. Apart from helping them to take a longer-term view of investments, now is the ideal time to address those concerns by managing costs. A hybrid approach to retirement income such as our Retirement Account is worth considering. It offers income guarantees and flexible income solutions all under one roof. Because the funds are in one place, the cost of this approach is more efficient than buying different products to do different jobs.
The Retirement Account from Canada Life is one such solution and is underpinned by a fully comprehensive and cost-effective fund selection (which includes model portfolios and market-leading passive funds) that can be changed at any time free of charge.
If you would like support in reviewing the impact of recent market volatility on your drawdown clients, please contact your Canada Life Account Manager.
[1] Source: Vanguard, Investment Costs ‘Ready Reckoner’, January 2020
Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales no. 973271. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life Platform Limited, trading as Canada Life, is a subsidiary of The Canada Life Group (UK) Limited, and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales no. 8395855. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 5BA.
