Important Notice : CLAM’s funds business is now managed by Keyridge

Effective 1 October 2025, Great-West Lifeco has transferred part of the investment management business of Canada Life Asset Management (‘CLAM’) to a sister company, Keyridge Asset Management Limited (‘Keyridge’) under the continued leadership of Mark Giancola, Managing Partner.

With over £135bn in assets under management and close to 300 asset management professionals, Keyridge unites the European third-party asset management businesses of CLAM, Setanta Asset Management, and Irish Life Investment Managers, creating a new asset manager in the UK market. Keyridge is authorised by the FCA to provide investment services in the UK through a UK branch.

What does this mean for you?

. Your investments and services remain unchanged.
. Your relationship manager continues to be your point of contact for any queries.

For more information, please visit Keyridge.com or contact your appointed relationship manager.

Direct Communication

We communicate with investee companies to promote business models necessary to sustaining value over the long term.

Engaging to sustain long-term value

We keep up to date with major structural trends shaping the economy, markets, and assets to guide the focus of our communication, based on the needs of our stakeholders and where we believe action can make a difference to either the attractiveness of our investments or their associated risks.

Direct communication supplements our understanding of the exposure of our portfolios to potential risks identified and accepted in our investment decision-making, and supports the management and monitoring of these.

Over the long term, direct communication may be a means by which we can improve the identification, assessment, and control of risks and opportunities at an asset and portfolio level, within the context of our wider investment process.

Our engagement policy and annual Stewardship Report can be found in our Policies and reports section. For examples of our communication activities relating to investments , please see the below case studies or download our Stewardship Report.

Integrating financial and sustainability research into our investment decision-making

We assessed a new social bond issuance by Motability Operations Group plc. Capital raised from social bonds is allocated to social projects which meet certain eligibility criteria.

Vattenfall – building on collaborative engagement begun in 2023

We continued engagement to monitor Vattenfall’s progress towards its net zero ambitions, regulatory compliance, and its efforts to phase out fossil fuels from its operations.

Participation in an Investment Association Special Committee

We collaborated with peers in respect of a corporate fixed income issuer’s proposal to retire part of its debt early to support a pragmatic solution for both bondholders and the issuer.

Voting on executive pay: US-based semi-conductor designer

We looked carefully at resolutions relating to executive pay with the aim of aligning shareholders’ long-term interests with executive remuneration and incentives.

Leveraging legal rights under real estate finance loan documentation

We protected value for our clients and stakeholders by allowing a borrower to substitute property used as security for a loan. This brought more resilient assets into the security net.

Motability Operations Group plc

Vattenfall

Investment Association Special Committee

Voting on executive pay

Real estate finance loan documentation