Canada Life separates off investment

Canada Life is looking to spin out its investment arm as a separate entity, following the example of Scottish Equitable and Standard Life. Ian Gilmour, general manager at Canada Life, said during 2000 Canada Life will separate the fund management arm from the diversified international life assurance company, which has £7bn in funds under management in the UK. He said the establishment of Canada Life Asset Management, would enable the life assurance and fund management arms to operate separately, providing a more specialised and concentrated service to clients. Gilmour said: "We see stron...