Wealth and annuities sales boost 2023 success for Canada Life

The provider posts record £1.2bn individual annuity sales

Isabel Baxter
clock • 1 min read

Canada Life has posted record sales of individual annuities of £1.2bn, up 121% from 2022, its latest results show.

The provider has also recorded £2.2bn in wealth and asset management sales, including offshore bonds. Chief executive Lindsey Rix-Broom said its record sales have been driven by the high levels with income available. "Coupled with the demand from customers for secure income solutions in uncertain times, including our fixed-term options," she added. Rix-Broom continued: "We have significantly increased our market share of the UK offshore bond market to 27%, demonstrating our strength of proposition and leadership position in this space.  "We are excited about the opportunities he...

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