Canada Life completes Retirement Advantage takeover

It said the acquisition, the terms of which were not disclosed, created a strong platform for growth in the retirement income and equity release markets. The deal sees Canada Life add more than 30,000 pension and equity release customers to its books.The firm's assets under management increase by £2bn, including Retirement Advantage's £1.5bn in-force annuity book. Canada Life UK chief executive officer and executive vice-president Doug Brown said: "With the acquisition of Retirement Advantage, we are well positioned to build on our combined skills and experience to become a leader in ...