Canada Life launches RDR charging structure for all products

Nicola Brittain
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Canada Life has announced its post-Retail Distribution Review (RDR) proposition and the charging options it will make available on its products.

The products include its protection, estate planning, onshore and offshore investments and annuities offerings.

The proposition includes the removal of high-allocation charging options and the addition of comprehensive adviser charging facilities.

Canada Life has said that the adviser-charging facility is designed to be as flexible as possible and that it will support a wide range of options to meet the fee structures agreed between clients and advisers.

The sales support aids will include a published list of the post-RDR products; details of the adviser charge options available from each product; and a client facing aid explaining the RDR and how it will affect clients. This can be used by advisers to help explain to their clients what has changed and why.

Peter Towers, managing director, wealth management, Canada Life said the business had worked with advisers to develop the charging options and had taken on their feedback.

 

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