There is a material reduction in the ongoing charges across WS Canlife Portfolio multi-asset fund range, delivering greater value for investors
[16th June 2025] To provide investors with greater cost certainty, Canada Life Asset Management has implemented an ongoing charge (OCF) cap of 0.65% for the WS Canlife Portfolio fund multi-asset range. The total cost investors pay will not exceed this, regardless of market conditions, portfolio turnover or changes to the underlying holdings. As an example, an investor with £100,000 in Portfolio VII will save around £140 per year based on the revised OCF.
In addition, from 7 July 2025 the portfolios’ ability to invest directly in listed securities, bonds and alternatives will increase from the current 10% ceiling to 30%. The change enhances the fund managers’ tactical flexibility and investment choice, while leaving each strategy’s risk profile, benchmark and investment philosophy unchanged.
Craig Rippe, Head of Multi Asset, Canada Life Asset Management says:
“With over £40 billion in assets under management at Canada Life Asset Management, our scale enables us to deliver meaningful savings directly to clients while maintaining the disciplined, risk-targeted approach that defines our multi-asset funds. The broader 30% direct-asset allocation flexibility allows us to capture further investment opportunities without adding extra fund costs.
“This scale has also enabled us to unlock operational efficiencies. As our assets have grown, our fixed-cost ratios have fallen, and we’ve been able to negotiate more competitive costs. We are delighted to be able to pass those savings on to investors.
“At the same time, we recognise the regulatory and client-driven momentum around cost transparency and fairness. While we believe value goes beyond headline fees, we aim to reduce costs where we can - without compromising on quality or outcomes.”
Ends
The value of investments may fall as well as rise and investors may not get back the amount invested.
Notes to editors:
• The WS Canlife Portfolio Fund range C Acc and C Inc share classes are affected by this announcement
Press enquiries:
Elle McAtamney, Canada Life
+44 7913 568213
elle.mcatamney@canadalife.co.uk
About Canada Life:
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Through its subsidiary companies, Great-West Lifeco operates in Canada, the United States, and Europe. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies.
Canada Life Limited began operations in the United Kingdom (UK) in 1903 and provides UK individuals and businesses with a range of retirement, investment, insurance and wealth solutions. Canada Life offers individual annuities, pension de-risking solutions, home finance, estate planning and investment options, and workplace protection products.
Canada Life Limited (no.973271) is registered in England and Wales, authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Stonehaven UK Limited (no.05487702), trading as Canada Life, is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. Canada Life International Limited (no.033178C) and CLI Institutional Limited (no.108017C) are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority. Canada Life International Assurance (Ireland) DAC (no. 440141) and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.
Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited (no.3846821), Canada Life Limited and Canada Life European Real Estate Limited (no.03846823). Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority.
Please note that while Canada Life Limited and Canada Life Asset Management Limited are regulated as stated above, property management and the provision of commercial mortgages are not regulated activities.
www.canadalife.co.uk
www.canadalifeassetmanagement.co.uk