Net flows at Canada Life up 166% to £765m in 2022

Assets under management at the provider now top £40bn

Jenna Brown
clock • 1 min read

Net flows at provider Canada Life were up 166% in 2022 to £765m, according to its full-year results.

The insurer said its assets under management were more than £40bn, earnings were up 21% to £333m and sales were up 6% during the year to £4.8bn. It reported a 31% increase in offshore bond sales and a 20% uptick in protection premium sales during the 12 months to 31 December. Elsewhere, its asset management arm saw a 52% increase in external fund sales reflecting what it said was "strong performance". Canada Life chief executive (CEO) Lindsey Rix (pictured) said: "This snapshot of our performance in 2022 is an important step in our growth journey demonstrating our strong core busin...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

The existential threat at the heart of Britain's biggest wealth manager

The existential threat at the heart of Britain's biggest wealth manager

Fees made St James's Place rich but now risk toppling the firm

Chris Newlands
clock 16 May 2024 • 10 min read
Macclesfield IFA declared failed for pension transfer advice

Macclesfield IFA declared failed for pension transfer advice

FSCS has so far had one claim against Chestergate Financial Services

Isabel Baxter
clock 15 May 2024 • 1 min read
Three firms merge to form an advice business lifecycle agency

Three firms merge to form an advice business lifecycle agency

The Exit Partnership, Change Squared and AspireExec form ‘Melo’

Isabel Baxter
clock 15 May 2024 • 2 min read