Canada Life extends 1% extra allocation offer

Canada Life has extended its offer of 1% extra allocation on its new portfolio funds for Flexible Investment Bond (FIB) and Select Investment Bond (SIB) business until 30 September.

The offer, which adds 1% allocation on new investments for funds including the Canlife Cautious Managed fund, the Canlife Managed Distribution fund and the four Canlife F&C Lifestyle funds, was previously due to finish on 30 May.

Funds can be selected through Canada Life’s Investment Planner tool and are automatically rebalanced to maintain a match to the asset allocations used by the tool.

The additional investment will be allocated across all the funds in the FIB or SIB in the same proportions as the initial premium is divided between the offer funds.

Alain Wolffe, managing director of Canada Life Wealth Management, says: “The Investment Planner tool combined with our automatically re-balancing portfolio funds provides financial advisers with an easy, cost effective process.

“The Portfolio funds and the F&C Lifestyle funds are based on the most popular risk attitudes of clients.

“Due to current market volatility and an uncertain economic outlook, many clients are seeking funds which they can see clearly matches their attitude to risk, and these Canada Life funds offer excellent value to investors.”